Premiere RV & Mini Storage LLC v. Maricopa County

OPINION

SWANN, Judge.

¶ 1 When a parcel of real property is “split” into two or more parcels, the method by which property is valued for tax purposes is affected. The timing of the split can therefore have a significant effect on the amount of tax levied, and this case requires us to decide when a split occurs. We hold that when a portion of a parcel is sold, a split occurs, for tax purposes, when the Assessor completes the process of identifying and valuing the resulting parcels — not at the moment of the sale.

FACTS AND PROCEDURAL HISTORY

¶ 2 In 2003, there existed a 17-acre parcel, Maricopa…