INSTRUCTIONS: ARIZONA INCOME AND EXPENSE - INDUSTRIAL/MANUFACTURING/DISTRIBUTION WAREHOUSE SUPPLEMENT (Form 82300-7)

As part of the process of petitioning an Arizona property tax assessment based on the income approach to value, a form 82300 affidavit concerning income and expense data related to the property for the last three years should be filed. A form 82300-7 is a supplemental form that should be filed if the property in question is an industrial park, manufacturing warehouse or distribution warehouse. Both forms can be found on the website of the Arizona Department of Revenue.

Arizona Income And Expense - Industrial/Manufacturing/Distribution Warehouse Supplement 82300-7 Step 1: Indicate with a check mark whether the property is an industrial park, manufacturing warehouse or distribution warehouse.

Arizona Income And Expense - Industrial/Manufacturing/Distribution Warehouse Supplement 82300-7 Step 2: Enter the property name, its county, book, map and parcel numbers, gross square feet and net leasable square feet.

Arizona Income And Expense - Industrial/Manufacturing/Distribution Warehouse Supplement 82300-7 Step 3: Indicate the type of lease with a check mark.

Arizona Income And Expense - Industrial/Manufacturing/Distribution Warehouse Supplement 82300-7 Step 4: Enter the percentage of the property which is office space as a percentage or in square feet.

Arizona Income And Expense - Industrial/Manufacturing/Distribution Warehouse Supplement 82300-7 Step 5: Indicate whether the property owner occupies part of the space. If so, give the percentage or square feet occupied by the owner.

Arizona Income And Expense - Industrial/Manufacturing/Distribution Warehouse Supplement 82300-7 Step 6: In the next section, document potential charges to tenants as instructed.

Arizona Income And Expense - Industrial/Manufacturing/Distribution Warehouse Supplement 82300-7 Step 7: At the bottom of the first page, provide an income data summary for the last three years as directed. Additional information and remarks may also be entered here.

Arizona Income And Expense - Industrial/Manufacturing/Distribution Warehouse Supplement 82300-7 Step 8: On the second page, document your actual expenses for the last three years as instructed.

Arizona Income And Expense - Industrial/Manufacturing/Distribution Warehouse Supplement 82300-7 Step 9: Skip to the third page and document your major replace/repair costs for the last three years as instructed. Transfer these values to the second page where indicated.

Arizona Income And Expense - Industrial/Manufacturing/Distribution Warehouse Supplement 82300-7 Step 10: Document your tenants on the fourth page.