Property Classification

							Arizona Property Classification and Ratios Chart

Class                  Description                                                                                      Assessment Ratio
Class 1                Mines, mining claim property, standing timber                                                                                         24%

Class 1                Local telecommunications, utilities, pipelines, oil and gas-producing properties                                                       24%
Class 1                Commercial and industrial real property not included in other classes                                                                  24%
Class 1                Commercial and industrial personal property exceeding $61,142                        0% of first $61,142 / 24% of remaining value
Class 2                Agricultural real property, golf courses, and vacant land                                                                              16%
Class 2                Agricultural personal property                                                       0% of first $61,142 / 16% of remaining value
Class 3                Residential non-rental property                                                                                                        10%
Class 4                Residential rental property                                                                                                            10%
Class 5                Railroads, private rail car companies, airline flight property                                                                         21%
                       Non-commercial historic property, foreign trade zones, military reuse and enterprise
Class 6                                                                                                                                                        5%
                       zones, environmental technology and remediation property.
Class 7                Improvements to commercial historic property                                                                            Included in Class 1
Class 8                Improvements to historic residential rental property                                                                    Included in Class 4
Class 9                Possessor Interests                                                                                                                     1%

Location on Website:   Greater Phoenix - Regional Profile - Tax, Incentives, and Financing - Arizona Property Classification and Ratios Chart
Update Frequency:      yearly
Release Date:          Fall
Date Last Updated:     1/18/2008
Source(s):             Arizona Tax Research Association
Link(s):               Hard Copy Report

Note:                  Historical Data does not need to be recorded for this information. Overwrite chart each year.