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Home » US Law » 2022 Arizona Revised Statutes » Title 42 - Taxation » Article 3 - Oil, Gas and Geothermal Properties » § 42-14106 – Separate listing, assessment and taxation

42-14106. Separate listing, assessment and taxation

If producing oil, gas and geothermal resource interests are owned by a person other than the owner of the land, they shall be listed, the valuation shall be determined and the interests shall be taxed individually as separate parcels of real estate separate from the land.