The average value of property shall be determined by averaging the values at the beginning and ending of the tax period, but the department may require the averaging of monthly values during the tax period if reasonably required to reflect properly the average value of the taxpayer‘s property.

Terms Used In Arizona Laws 43-1142

  • Department: means the department of revenue, the director or the director's authorized delegate, as the context requires. See Arizona Laws 43-104
  • Property: includes both real and personal property. See Arizona Laws 1-215
  • Tax: means the taxes imposed under this title. See Arizona Laws 43-104
  • Taxpayer: means any person subject to the tax imposed by this title. See Arizona Laws 43-1131
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