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.
48-2861 - Reallocation of assessments; public land exchange
48-2861. Reallocation of assessments; public land exchange
If a parcel of property that has been subjected to an assessment and a lien is exchanged to this state or the United States for another parcel of property in the flood protection district owned by this state or the United States, and the parcel of new private property receives substantially the same benefit from the improvement constructed as the parcel exchanged to this state or the United States, the assessment lien imposed on the original parcel of property may be transferred to and imposed on the parcel of new private property after the owner of the new private property has received a mailed notice of such assessment and an opportunity to object to either the transfer of the assessment lien to the new private property or the amount assessed against such new private property.