Property that is subject to valuation by the county assessor under this article consists of land and buildings of low-income multifamily residential rental property.

Terms Used In Arizona Laws 42-13602

  • Low-income multifamily residential rental property: means multifamily residential property to which all of the following apply:

    (a) The owner received an allocation of federal income tax credits through the low-income housing tax credit program. See Arizona Laws 42-13601

  • Valuation: means the full cash value or limited property value that is determined for real or personal property, as applicable. See Arizona Laws 42-11001
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