Arizona Revised Statutes Title 42 — Taxation
A.R.S. § 42-13056
Taxable value of solar energy devices classified as personal property; depreciated value; definition
Taxable value of solar energy devices classified as personal property; depreciated value; definition A. When characterized as personal property, subject to any applicable constitutional exemption from taxation, the property specifi adopted by the department. Each taxpayer that owns the property specified in section 42-11054, subsection C, paragraph 3 shall annually report to the assessor in each county where the property is located the taxable original cost of the property. B. As the annual scheduled depreciated value for this section, the county assessor shall use the depreciation table prescribed by the department for personal property with a ten-year life, based on the date each device or system was placed into service. C. Notwithstanding any other law, the county assessor shall adjust the depreciation schedules prescribed by the department as follows:
# 1.
For the first tax year of assessment, the assessor shall use three percent of the scheduled depreciated value.
# 2.
For the second tax year of assessment, the assessor shall use three percent of the scheduled depreciated value.
# 3.
For the third tax year of assessment, the assessor shall use three percent of the scheduled depreciated value.
# 4.
For the fourth tax year of assessment, the assessor shall use four percent of the scheduled depreciated value.
# 5.
For the fifth tax year of assessment, the assessor shall use five percent of the scheduled depreciated value.
# 6.
For the sixth tax year of assessment, the assessor shall use six percent of the scheduled depreciated value.
# 7.
For the seventh tax year of assessment, the assessor shall use eight percent of the scheduled depreciated value.
# 8.
For the eighth tax year of assessment, the assessor shall use eleven percent of the scheduled depreciated value.
# 9.
For the ninth tax year of assessment, the assessor shall use twenty-four percent of the scheduled depreciated value.
# 10.
For the tenth tax year of assessment, the assessor shall use one hundred percent of the scheduled depreciated value. D. For the purposes of this section, "taxable original cost" means the original cost minus the value of any investment tax credits, production tax credits or cash grants in lieu of investment tax credits applicable to the taxable renewable energy equipment.
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In this chapter (40 sections)
- 42-13002 · Relationship between department and county assessors
- 42-13003 · Report on property that has not been appraised
- 42-13004 · Data processing equipment and systems
- 42-13005 · Sales-ratio studies
- 42-13006 · Qualifications of appraisers and assessing personnel;…
- 42-13007 · Education, training and certification advisory committee
- 42-13051 · Duties of county assessor
- 42-13052 · Continuing valuation of class two, three and four property
- 42-13053 · Exception list; review of valuation
- 42-13054 · Taxable value of personal property; depreciated values of…
- 42-13055 · Reducing minimum value for property in use
- 42-13056 · Taxable value of solar energy devices classified as personal…
- 42-13101 · Valuation of agricultural land
- 42-13102 · Statement of agricultural lease
- 42-13151 · Definition of golf course
- 42-13152 · Computing valuation of golf courses
- 42-13154 · Covenant not to convert golf course to another use; notice;…
- 42-13201 · Definition of shopping center
- 42-13202 · Exclusive method and procedure for valuing shopping centers;…
- 42-13203 · Replacement cost less depreciation method of valuing…
- 42-13204 · Election to use income method of valuation initially
- 42-13205 · Valuation method applied on appeal
- 42-13206 · Valuation of dedicated parking or common areas
- 42-13251 · Equalization of valuations by department
- 42-13252 · Scope of equalization
- 42-13253 · Notice of equalization order
- 42-13254 · Date of issue; effective date
- 42-13255 · Appeal
- 42-13256 · Adjustments of equalized property values by assessor
- 42-13257 · Report to property tax oversight commission
- 42-13301 · Limited property value
- 42-13302 · Determining limited value in cases of modifications,…
- 42-13304 · Exemptions from limitation
- 42-13351 · Method and procedures for valuing property of manufacturers,…
- 42-13352 · Determining valuation of property of manufacturers,…
- 42-13353 · Depreciated values of personal property of manufacturers,…
- 42-13354 · Assessing personal property construction work in progress;…
- 42-13355 · Assessing clean rooms as personal property; definition
- 42-13401 · Exclusive method of identifying and valuing common areas
- 42-13402 · Identifying common areas; definition