Arizona Revised Statutes Title 42 — Taxation
A.R.S. § 42-15157
Destruction of property after rolls closed; proration of valuation and taxes; definition
Destruction of property after rolls closed; proration of valuation and taxes; definition A. If a property is destroyed after the county assessor closes the rolls, the property owner may file a notice of claim pursuant ty from the date of destruction. B. If the county assessor finds that the property has been destroyed:
# 1.
The county assessor shall prorate the value of the property from the lien date to the date of destruction.
# 2.
For the purposes of classifying property under chapter 12, article 1 of this title, the county assessor may maintain the property classification in place on the date of destruction for a period of five years or until an objectively verifiable change in use occurs, whichever is sooner.
# 3.
The county assessor shall notify the property owner of the property assessment pursuant to the applicable notice requirements provided in this chapter or chapter 16 of this title.
# 4.
The county treasurer shall compute the amount of taxes assessed against the property by applying the tax rate for the appropriate tax year to the original valuation prorated for the portion of the year the property was intact, plus the tax rate for the appropriate tax year to the reassessed value of the property prorated for the balance of the year. C. For the purposes of this section, "destroyed" means physical destruction caused by a verifiable accident, including fire, flood or any other act of God.
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In this chapter (40 sections)
- 42-15010 · Applying assessment percentages
- 42-15051 · Time of assessment
- 42-15052 · Compiling information; property report; examining documents;…
- 42-15053 · Duty to report personal property; exemption; contents of…
- 42-15054 · Listing by assessor on failure to receive report;…
- 42-15055 · Failing to file report; false information; classification;…
- 42-15057 · Information from political subdivisions
- 42-15058 · Assessment of contiguous properties owned by the same person
- 42-15059 · Liability for items of personal property
- 42-15060 · Presumptions of ownership
- 42-15061 · Deduction of liabilities from assessed solvent debts
- 42-15062 · Listing and valuing water ditches and toll roads
- 42-15063 · Assessing livestock; lien
- 42-15065 · Assessing personal property construction work in progress;…
- 42-15066 · Assessing clean rooms as personal property; definition
- 42-15101 · Annual notice of full cash value; amended notice of valuation
- 42-15102 · Notice information entered by assessor
- 42-15103 · Contents of notice form
- 42-15104 · Appeal
- 42-15105 · Supplemental notice and appeal of valuation or…
- 42-15151 · Preparation of county roll
- 42-15152 · Inclusion of all property on the roll
- 42-15153 · Completion and delivery of property lists and assessment…
- 42-15155 · Abstract of assessment roll; contents; distribution
- 42-15156 · Statewide abstract of property on county rolls; distribution
- 42-15157 · Destruction of property after rolls closed; proration of…
- 42-15201 · Definitions
- 42-15202 · Assessment of permanently affixed mobile homes as real…
- 42-15203 · Affidavit of affixture
- 42-15204 · Transition from personal property to real property roll
- 42-15205 · Perfecting liens on permanently affixed mobile homes
- 42-15251 · Definition of remote municipal property
- 42-15252 · Determining assessed valuation of remote municipal property
- 42-15253 · Computing amount of taxes otherwise payable on remote…
- 42-15254 · Conveyance of remote municipal property to private…
- 42-15301 · Definition of possessory improvement
- 42-15302 · Valuation of possessory improvements
- 42-15303 · Determining limited property value of possessory improvements
- 42-15304 · Tax levy of possessory improvements
- 42-15305 · Applicability