Income Approach Basis

Pursuant to A.R.S. 42-16052. Contents of petition based on income approach to value

A. A petition that is filed with the assessor, based on the income approach to value, shall include income and expense data relating to the property for the three most recent consecutive fiscal years of the petitioner ending on or before September 30 of the previous year. If the income and expense data are not available to the petitioner, the petitioner shall file with the petition such income and expense data as are available. The department, by rule, may establish additional information to be filed if the required income and expense data are not available.

B. If a petitioner under this article uses the income approach to determine valuation, the petitioner, an officer of a corporate petitioner, a general partner or a designated agent shall file a sworn affidavit under penalty of perjury that the information contained in the petition is true and correct to the best of the petitioner's knowledge.

Income and Expense Statement form (DOR 82300) - A petition that is filed with the Assessor based on the income approach to value shall include income and expense data relating to the property for the three most recent consecutive fiscal years of the petitioner ending on or before September 30 of the previous year. If the income and expense data are not available to the petitioner, the petitioner shall file with the petition such income and expense data as are available. THIS FORM AND THE APPROPRIATE INCOME AND EXPENSE REPORTING FORM (SUPPLEMENTAL FORMS) MUST ACCOMPANY THE PETITION FOR REVIEW FILED WITH THE COUNTY ASSESSOR. Information submitted on the reporting forms must be only actual income and expenses for the property under
appeal. Other data used to justify the owners opinion of value, including a profit and loss statement, a property pro-forma statement or any similar evidence may be submitted on a separate sheet(s) as supplemental data. Complete the income and expense reporting form information as applicable for the type of property under appeal and sign the Affidavit section.

Income and Expense - Apartment Supplement (DOR 82300-1) CLICK TO Download

Income and Expense - Office Building/Retail Store Supplement (DOR 82300-2) CLICK TO Download

Income and Expense - Hotel/Motel/Resort Supplement (DOR 82300-3) CLICK TO Download

Income and Expense - Shopping Center Supplement (DOR 82300-4) CLICK TO Download

Income and Expense - Mobile Home/RV Park Supplement (DOR 82300-5) CLICK TO Download

Income and Expense - Mini-Storage Warehouse Supplement (DOR 82300-6) CLICK TO Download

Income and Expense - Industrial/Manufacturing/Distribution Warehouse Supplement (DOR 82300-7) CLICK TO Download