§ 42-13201 Definition of shopping center
§ 42-13202 Exclusive method and procedure for valuing shopping centers; confidentiality
§ 42-13203 Replacement cost less depreciation method of valuing shopping centers; election to use income method on appeal
§ 42-13204 Election to use income method of valuation initially
§ 42-13205 Valuation method applied on appeal
§ 42-13206 Valuation of dedicated parking or common areas

Terms Used In Arizona Laws > Title 42 > Chapter 13 > Article 5 - Valuation of Shopping Centers

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Department: means the department of revenue. See Arizona Laws 42-1001
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Month: means a calendar month unless otherwise expressed. See Arizona Laws 1-215
  • Property: includes both real and personal property. See Arizona Laws 1-215
  • shopping center: means an area that is comprised of three or more commercial establishments, the purpose of which is primarily retail sales, that has a combined gross leasable area of at least twenty-seven thousand square feet, that is owned or managed as a unit with at least one of the establishments having a gross leasable area of at least ten thousand square feet and that is either owner-occupied or subject to a lease that has a term of at least fifteen years. See Arizona Laws 42-13201
  • 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