INSTRUCTIONS: ARIZONA INCOME AND EXPENSE STATEMENT AND AFFIDAVIT (Form 82300)

When an Arizona resident believes their property has been improperly valued based on the income approach, they must submit an income and expense reporting form and the affidavit discussed in this article along with their petition for review. This form 82300 can be obtained from the website maintained by the Arizona Department of Revenue.

Arizona Income And Expense Statement And Affidavit 82300 Step 1: Indicate the type property in question with a check mark in the top right corner.

Arizona Income And Expense Statement And Affidavit 82300 Step 2: On the first line to be completed, enter the date, your county, and the book, map and parcel number of the property in question.

Arizona Income And Expense Statement And Affidavit 82300 Step 3: On the second line, enter your name and address.

Arizona Income And Expense Statement And Affidavit 82300 Step 4: On the third line, enter your city, state, zip code and telephone number.

Arizona Income And Expense Statement And Affidavit 82300 Step 5: On the fourth line, enter the property address or situs.

Arizona Income And Expense Statement And Affidavit 82300 Step 6: On the fifth line, indicate with a check mark whether this is a multi-parcel appeal. If so, you must attach a list of all other appeals using form 82131.

Arizona Income And Expense Statement And Affidavit 82300 Step 7: On the sixth line, enter the property taxes for the previous year. If this is a multi-parcel appeal, enter the total taxes for all parcels.

Arizona Income And Expense Statement And Affidavit 82300 Step 8: The first two columns concern market data sales. Enter the purchase amount and date of purchase on the first line, the dollar amount of personal property being subtracted on the second line, and the real property amount on the third line.

Arizona Income And Expense Statement And Affidavit 82300 Step 9: The next two columns concern cost approach data. Enter the land cost and the date of purchase on the first line, the improvement cost and date of purchase on the second line, and the total cost on the third line.

Arizona Income And Expense Statement And Affidavit 82300 Step 10: Print and sign your name before a notary public and give the address where source documents are maintained.