The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
42-14054 - Determining and reporting valuation of closed mines
42-14054. Determining and reporting valuation of closed mines
A. On or before August 31 of each year, the department shall find the full cash value of all patented and unpatented mines that were producing mines on the first Monday in January of any of the three preceding years but that are no longer producing mines.
B. On or before November 30 of each year, the department shall transmit the valuations of these properties in each taxing district to the respective county assessors.
C. The valuation required by this section is the value determined as of January 1 of the valuation year.
D. The department shall value nonproducing mines for a period of three valuation years after the last valuation year in which it was valued as a producing mine.