Arizona Laws 42-12105. Disqualification
A. Property shall remain classified and assessed as noncommercial historic property until it becomes disqualified through either:
Terms Used In Arizona Laws 42-12105
- Commercial historic property: means real property that:
(a) Meets the criteria for classification as class one, paragraph 12 pursuant to section 42-12001 or class four pursuant to section 42-12004, subsection A, paragraphs 2 through 9. See Arizona Laws 42-12101
- Noncommercial historic property: means real property:
(a) That is listed in the national register of historic places established and maintained under the national historic preservation act (P. See Arizona Laws 42-12101
- Property: includes both real and personal property. See Arizona Laws 1-215
1. Notice by the taxpayer to the assessor to remove the assessment as noncommercial historic property.
2. Sale or transfer to an ownership that makes it exempt from property taxation.
3. Notification by the state historic preservation officer to the assessor that the property no longer qualifies as noncommercial historic property.
B. Property shall remain classified and assessed as commercial historic property until it becomes disqualified through either:
1. Notice by the taxpayer to the assessor to remove the assessment as commercial historic property.
2. Sale or transfer to an ownership that makes it exempt from property taxation.
3. Notification by the state historic preservation officer to the assessor that the property no longer qualifies as commercial historic property.
4. The failure to maintain the property in a manner consistent with the minimum standards of maintenance established by rule by the Arizona state parks board.