42-15007. Assessed valuation of class seven property The assessed valuation of class seven property described in section 42-12007 is the percentage of value prescribed for class one property by section 42-15001, except that modifications intended to restore and rehabilitate the historic property as approved by the state historic preservation officer under section 42-12103 shall be assessed at one per cent for up to ten years.
Arizona Legal Code
§ 42.15007
Source: https://www.azleg.gov/ars/42/15007.htm· Version 2026