Terms Used In Arizona Laws > Title 44 > Chapter 18
Assessed valuation: means the net assessed valuation used for purposes of levying primary property taxes for the tax year immediately preceding the filing of the petition for the formation of counties. See Arizona Laws 11-131
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Population: means the population according to the most recent United States decennial census. See Arizona Laws 1-215
Privately owned land: includes all lands other than federal, Indian, state, county, municipal and other governmental lands which are exempt from taxation under article IX, section 2, Constitution of Arizona. See Arizona Laws 11-131