Arizona Administrative Code
Title 15 - REVENUE
Chapter 4 - Department of Revenue - Property Tax
Article 2 - VALUATION OF MINES
Section R15-4-205 - Market Approach Procedures for Mines
Universal Citation: AZ Admin Code R 15-4-205
Current through Register Vol. 30, No. 38, September 20, 2024
A. The market approach to value shall be considered where the transaction is an arms-length sale between a willing buyer and a willing seller of the subject property, an undivided interest in the property, or a comparable property. The Department may require detailed information regarding the terms of the sale.
B. The market approach to value shall be used only where the following conditions exist:
1.
An arms-length sale of more than 50% interest in the assets, such as mineral
reserves, plant, equipment, and inventories, of a mine located wholly within
the state of Arizona, or
2. The
sale of more than 50% of the stocks, bonds, notes, convertible debentures,
warrants, or other documents that represent a share in a corporation or a debt
owed by a corporation. This sale is of limited use if the value of the
corporation's out-of-state assets is significant relative to its in-state
assets subject to valuation under these rules.
3. Minority interest sales may be considered
if the other indicators of value are less reliable and the sale price was
derived from an analysis of a value for 100% of the mine unit.
Disclaimer: These regulations may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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