42-15002 - Arizona Statutes

42-15002. Assessed valuation of class two property The following percentages apply to the full cash value or limited valuation, as applicable, as a basis for determining the assessed valuation of class two property described in section 42-12002: 1. Class two (R): sixteen per cent. 2. Class two (P): sixteen per cent of the value exceeding the maximum amount of valuation of personal property that is exempt from taxation pursuant to section 42-11127.