Transfer Of TitleTaxesMEDIUM
Arizona property taxes are based on:
Correct Answer
B) Limited property value (LPV)
Arizona uses Limited Property Value (LPV), which cannot increase more than 5% annually.
Answer Options
A
Market valueB
Limited property value (LPV)C
Purchase priceD
Federal assessmentAudio Lesson3 min
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Related Topics & Key Terms
Related Topics:
arizona-property-tax-calculationlimited-property-value-vs-full-cash-valueproperty-tax-assessment-processes
Key Terms:
Limited Property ValueLPVArizona property taxA.R.S. 42-133015% cap
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