A. Land that is used for agricultural purposes shall be valued using only the income approach to value without any allowance for urban or market influences.
B. The income of agricultural property shall be determined using the capitalized average annual net cash rental of the property. For purposes of this subsection the average annual net cash rental of the property:
1. Is the average of the annual net cash rental, excluding real estate and sales taxes, determined through an analysis of typical arm's length rental agreements collected for a five year period before the year for which the valuation is being determined for comparable agricultural land used for agricultural purposes and located in the vicinity, if practicable, of the property being valued.
2. Shall be capitalized at a rate 1.5 percentage points higher than the average long-term annual effective interest rate for all new farm credit services loans for the five year period before the year for which the valuation is being determined.
Notes of Decisions
Cited in
4
cases (
1 in the last 5 years), 2001–2025 · leading case:
Krausz v. Maricopa Cnty., 28 P.3d 335 (Ariz. Ct. App. 2001).
Krausz v. Maricopa Cnty., 28 P.3d 335 (Ariz. Ct. App. 2001).
· cites it 3× “See also A.R.S. § 42-13101(A) (1999) (“Land that is used for agricultural purposes shall be valued using only the income approach to value without any allowance for urban or market influences.”
Sonoran Peaks, LLC v. Maricopa Cnty., 340 P.3d 1107 (Ariz. Ct. App. 2015).
· cites it 2× “See A.R.S. § 42-13101 (providing for favorable valuation of land used for agricultural purposes).”
A & P Ranch Ltd v. Cochise Cnty. (Ariz. Ct. App. 2025).
· cites it 11× “We hold that Arizona’s agricultural property taxation scheme requires “permanent crops”—perennial crop-producing plants like trees and vines—to be valued with their land using the income approach mandated by Arizona Revised Statutes Section 42-13101. We therefore affirm the tax…”
— Ariz. Rev. Stat. § 42-13101(A) — 2 cases
Krausz v. Maricopa Cnty., 28 P.3d 335 (Ariz. Ct. App. 2001).
“See also A.R.S. § 42-13101(A) (1999) (“Land that is used for agricultural purposes shall be valued using only the income approach to value without any allowance for urban or market influences.”
A & P Ranch Ltd v. Cochise Cnty. (Ariz. Ct. App. 2025).
“We hold that Arizona’s agricultural property taxation scheme requires “permanent crops”—perennial crop-producing plants like trees and vines—to be valued with their land using the income approach mandated by Arizona Revised Statutes Section 42-13101. We therefore affirm the tax…”
— Ariz. Rev. Stat. § 42-13101(A)(1999) — 1 case
Krausz v. Maricopa Cnty., 28 P.3d 335 (Ariz. Ct. App. 2001).
“See also A.R.S. § 42-13101(A) (1999) (“Land that is used for agricultural purposes shall be valued using only the income approach to value without any allowance for urban or market influences.”
— Ariz. Rev. Stat. § 42-13101(B)(1) — 1 case
A & P Ranch Ltd v. Cochise Cnty. (Ariz. Ct. App. 2025).
“We hold that Arizona’s agricultural property taxation scheme requires “permanent crops”—perennial crop-producing plants like trees and vines—to be valued with their land using the income approach mandated by Arizona Revised Statutes Section 42-13101. We therefore affirm the tax…”
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