Arizona (Summary)
Last Updated: March 2020
Tax Type: Ad valorem tax on timber and land
Description: Ad valorem tax of 18% of the full cash value of the standing timber (inclusive of both real and personal property) or limited valuation, as applicable.
Law: AZ Code Sec. 42-12001
Objective:
A. The classes of property are established by this article for the common treatment of the property in each class for purposes of the assignment of a common assessment percentage under chapter 15, article 1 of this title and other purposes prescribed by statute, but the statutory classes under this article are not considered to constitute classes of property for purposes of article IX, section 1, Constitution of Arizona.
B. The valuation of properties in individual subclasses established by this article shall be determined in the distinct manner prescribed by law for each subclass in compliance with article IX, section 1, Constitution of Arizona.
Principal Forest Property Tax Incentive Program:
Program legal-common name: General property tax program
Program Requirements
Min/Max Acreage: N/A
Min. Stocking Growth: N/A
Forest Management Plan: N/A
Duration of Enrollment: N/A
Evidence of Use: N/A
Penalties for Use Change: N/A
Program Administration
State: State Department of Revenue administers rules.
County Tax Assessor and Commissioner: Determines assessed values
University: N/A
Landowners: N/A
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