Form with which the board of directors of a corporation records the contents of its annual meeting.
Form with which the board of directors of a corporation records the contents of its annual meeting.
Under A.R.S. 42-13301 the LPV is the limited property value of the property in the preceding valuation year plus five percent of that value.
Property classified as Legal Class 4.1 is not listed as a registered rental but still does not receive the State Aid to Education Tax Credit. An example of a property in Legal Class 4.1 is a secondary home.
42-11001(7) defines limited property value (LPV) as the value determined pursuant to A.R.S. 42-13301 . Under A.R.S. 42-13301 the LPV is the limited property value of the property in the preceding valuation year plus five percent of that value.
Property taxes in Arizona are imposed on both real and personal property.
FCV is used to calculate taxes for voter approved bonds, BUDGET overrides and certain special districts. Limited Primary Value (LPV) is a legislatively established value based on a mathematical formula that limits the amount of increase in any given year. The two values often are the same.