Arizona Revised Statutes Title 42. Taxation § 42-13204. Election to use income method of valuation initially

In lieu of valuation under § 42-13203, the owner of a shopping center may elect to have the valuation of the shopping center determined by the income method commonly known as the straight line building residual method if the owner submits all reasonably necessary income and expense information for the owner's three most recent fiscal years to the county assessor before September 1 of the year immediately preceding the year for which the property will be valued.