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Common sales tax exemptions include: Professional or personal services where the sale of tangible personal property constitutes an inconsequential element. Services rendered in addition to the sale of tangible personal property at retail.
Does Arizona charge sales tax on commercial rental property?
Although the State of Arizona does not currently impose sales tax on proceeds from renting real property, four of Ari- zonas 15 counties (Gila, Maricopa, Pima, and Pinal) impose sales tax at the rate of 0.5% on such proceeds.
How do you price a commercial property for sale?
How to Value Commercial Real Estate: 4 Methods Property Value = Replacement Cost Depreciation + Land Value. Property Value = Net Operating Income / Capitalization Rate. Gross Rent Multiplier = Sales Price / Annual Gross Rents.
How are commercial property taxes calculated in Arizona?
Assessed Value = Full Cash Value multiplied by Assessment Ratio (varies per Legal Class of property per ARS Title 42, Chapter 15, Article 1. For example: 10% for class 3, residential, 16.5% for 1 2P, Commercial (adjustable by year) and 15% for class 2R vacant land)
How do I find out how much a commercial property sold for?
Property history public records can be found online through locally-based property assessor and appraisal sites, as well as on other more broad, government entity-run websites for cities or entire states.
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People also ask
How do I make an offer on a commercial property?
When making an offer, include specifics like purchase price, basic terms of financing, and other contingencies. Research the commercial property youre interested in and make sure it meets your needs before putting in an offer.
Does Arizona tax rental property?
(Lodging spaces booked for 30 days or more.) Currently, there is no state or county tax imposed on residential rentals.
Related links
Vacant Land and Commercial Properties for Sale
The following properties are now available for sale. Please call 602.712.7587 or email us for additional information.
Sales shall be confined to commercial zones and to property under the possession and control of the applicant. (Ord. 08-017, 8-26-2008). Page 20. Title 3
The CCL includes a core of classes in the foundations of commercial real estate, ethics, and the required research and computational skills in the field.
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