Recreation Centers of Sun City, Inc. v. Maricopa County

Because the majority has held that “the assessor may not consider the restrictions limiting profitability or the class of users to be benefitted in determining the assessed value of the property,” I must dissent.

In this case, the majority has correctly stated Arizona taxation principles, but has ignored the practical reality of how the non-profit use restriction affects fair market value. Market value is defined as “the highest price estimated in terms of money which the property will bring if exposed for sale in the open market allowing a reasonable time to find a purchaser who buys with…