Business Realty of Arizona, Inc. v. Maricopa County

OPINION

TOCI, Judge.

Maricopa County (“the county”) appeals from the tax court’s judgment in favor of Business Realty of Arizona, Inc. (“the taxpayer”) setting the full cash value of the Camelview Plaza shopping center at $12,896,-672. The taxpayer elected to value the shopping center by the straight line building residual income method (“SLBR”) prescribed in Ariz.Rev.Stat.Ann. (“A.R.S.”) section 42-147(B). That section states: “Upon a review or appeal, at the election of the taxpayer, the income method commonly known as the [SLBR] method shall be used in the valuation of a shopping center ,..…