Arizona Revised Statutes

Ariz. Rev. Stat. § 42-15001 (2026)

Assessed valuation of class one property

✓ current as of May 2026

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42-15001. Assessed valuation of class one property

The assessed valuation of class one property described in section 42-12001 is the following percentage of its full cash value or limited valuation, as applicable:

1. Twenty-five percent through December 31, 2005.

2. Twenty-four and one-half percent beginning from and after December 31, 2005 through December 31, 2006.

3. Twenty-four percent beginning from and after December 31, 2006 through December 31, 2007.

4. Twenty-three percent beginning from and after December 31, 2007 through December 31, 2008.

5. Twenty-two percent beginning from and after December 31, 2008 through December 31, 2009.

6. Twenty-one percent beginning from and after December 31, 2009 through December 31, 2010.

7. Twenty percent beginning from and after December 31, 2010 through December 31, 2012.

8. Nineteen and one-half percent beginning from and after December 31, 2012 through December 31, 2013.

9. Nineteen percent beginning from and after December 31, 2013 through December 31, 2014.

10. Eighteen and one-half percent beginning from and after December 31, 2014 through December 31, 2015.

11. Eighteen percent beginning from and after December 31, 2015 through December 31, 2021.

12. Seventeen and one-half percent beginning from and after December 31, 2021 through December 31, 2022.

13. Seventeen percent beginning from and after December 31, 2022 through December 31, 2023.

14. Sixteen and one-half percent beginning from and after December 31, 2023 through December 31, 2024.

15. Sixteen percent beginning from and after December 31, 2024 through December 31, 2025.

16. Fifteen and one-half percent beginning from and after December 31, 2025 through December 31, 2026.

17. Fifteen percent beginning from and after December 31, 2026.

Notes of Decisions

Cited in 9 cases (3 in the last 5 years), 2002–2025 · leading case: Scottsdale/101 Assocs., LLC v. Maricopa Cnty., 359 P.3d 1035 (Ariz. Ct. App. 2015).

Sort: Relevance Newest Treatment

Scottsdale/101 Assocs., LLC v. Maricopa Cnty., 359 P.3d 1035 (Ariz. Ct. App. 2015). · cites it 4× “§§ 42-12001 to -12009; A.R.S. §§ 42-15001 to -15009. II. Valuation and Classification Are Separate Determinations.”

CNL Hotels & Resorts, Inc. v. Maricopa Cnty., 279 P.3d 1183 (Ariz. 2012). · cites it 2× “§§ 42-12001, - 12009 (defining Class One and Class Nine properties); A.R.S. §§ 42-15001, -15009 (prescribing lower tax rate for Class Nine than for Class One).”

Aileen H. Char Life Interest v. Maricopa Cnty., 93 P.3d 486 (Ariz. 2004). “Finally, the applicable tax rate is applied to the property’s assessed value to produce the amount of taxes due. ¶ 9 In this case, the Taxpayers’ challenge involves the second step in the property tax formula, the county assessor’s valuation of their properties.”

U-Stor Bell, L.L.C. v. Maricopa Cnty., 59 P.3d 843 (Ariz. Ct. App. 2002). · cites it 2× “A.R.S. §§ 42-15001, 42-15004 (Supp.2001).”

Scottsdale Princess P'ship v. Maricopa Cnty., 286 P.3d 174 (Ariz. Ct. App. 2012). · cites it 2× “Class One property was assessed at twenty-five percent of its full cash value (until December 31, 2005), A.R.S. § 42-15001(1) (2006 & Supp.2011), while Class Nine property was assessed at one percent of its full cash value.”

MacHu v. Pinal Cnty. (Ariz. Ct. App. 2023). · cites it 2× “§ 42-13051, multiplies the valuation by an assessment ratio—dictated by the legislative classification—to produce the assessed value, A.R.S. §§ 42-15001 to -15010, and then applies the applicable tax rate to the property’s assessed value to determine the amount of tax due.”

A & P Ranch Ltd v. Cochise Cnty. (Ariz. Ct. App. 2025). · cites it 2× “A.R.S. §§ 42-15001 to -15009. Real property and improvements used for agricultural purposes are “Class two (R)” property.”

Edw. C. Levy Co. v. Maricopa Cnty. (Ariz. Ct. App. 2015). · cites it 2× “See A.R.S. §§ 42-15001, -15002. 2 EDW. C. LEVY CO v.”

Qasimyar v. Maricopa (Ariz. Ct. App. 2021). “§§ 42-12001 to -12009 (defining classes one through nine); §§ 42-15001 to -15009 (setting assessment percentages).”

— Ariz. Rev. Stat. § 42-15001(1) — 1 case

Scottsdale Princess P'ship v. Maricopa Cnty., 286 P.3d 174 (Ariz. Ct. App. 2012). “Class One property was assessed at twenty-five percent of its full cash value (until December 31, 2005), A.R.S. § 42-15001(1) (2006 & Supp.2011), while Class Nine property was assessed at one percent of its full cash value.”

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