42-12005. Class five property For purposes of taxation, class five is established consisting of: 1. Real and personal property of railroad companies used in the continuous operation of railroads that are valued at full cash value under chapter 14, article 8 of this title. 2. Real and personal property used in the operation of private car companies that are valued at full cash value under chapter 14, article 7 of this title. 3. Flight property that is valued at full cash value under chapter 14, article 6 of this title.
Arizona Legal Code
§ 42.12005
Source: https://www.azleg.gov/ars/42/12005.htm· Version 2026