INSTRUCTIONS: ARIZONA INCOME AND EXPENSE - APARTMENT SUPPLEMENT (Form 82300-1)

When filing a form 82300 affidavit of income and expense relating to a dispute over the assessment value of an Arizona property based on the valuation method, a form 82300-1 should be filed by those filing a claim relating to an apartment complex they own. This document can be obtained from the Arizona Department of Revenue.

Arizona Income And Expense - Apartment Supplement 82300-1 Step 1: Enter the name of the complex.

Arizona Income And Expense - Apartment Supplement 82300-1 Step 2: Enter the county, map, book and parcel numbers of the property. If this complex is an economic unit, enter the lead parcel number.

Arizona Income And Expense - Apartment Supplement 82300-1 Step 3: Enter the total number of units.

Arizona Income And Expense - Apartment Supplement 82300-1 Step 4: The next section requires you to document your rent schedule. For each unit type listed, give the number of furnished and unfurnished types rented and the rent per month for each. The unit types listed are studio, 1 bedroom, 2 bedroom/1 bathroom, 2 bedroom/2 bathroom, 3 bedroom and other.

Arizona Income And Expense - Apartment Supplement 82300-1 Step 5: The next section concerns utilities. Indicate with a check mark whether the tenant pays for electric or gas, water or sewer, or the telephone.

Arizona Income And Expense - Apartment Supplement 82300-1 Step 6: In the next section, indicate with check marks whether there are an on-site manager or leasing office.

Arizona Income And Expense - Apartment Supplement 82300-1 Step 7: The next section requires you to document your income for the last three years. Complete all columns and perform all calculations as directed to determine your net operating income for the last three years.

Arizona Income And Expense - Apartment Supplement 82300-1 Step 8: Write out any additional information or remarks at the bottom of the page where indicated.

Arizona Income And Expense - Apartment Supplement 82300-1 Step 9: The next page requires you to detail all actual apartment expenses for the last three years. Expenses which are not allowed include depreciation, mortgage debt service and property tax.

Arizona Income And Expense - Apartment Supplement 82300-1 Step 10: The last page requires you to detail all major replacement repair expenses for the last three years.