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Please return this information to:Vantage West Credit Union Attn: Business Banking Department P.O. Box 15115 Tucson, AZ 85708PROPERTY OPERATING STATEMENT Note: Only required to be completed for investment
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How to fill out local jurisdictionscentrally valued property

01
Obtain the necessary forms from the local jurisdiction's tax assessor's office.
02
Provide accurate information about the property such as address, square footage, and any improvements.
03
Submit the completed forms along with any required documentation by the deadline specified by the jurisdiction.
04
Cooperate with any inquiries or inspections conducted by the tax assessor's office.
05
Review the valuation of the property and follow the appeal process if necessary.

Who needs local jurisdictionscentrally valued property?

01
Property owners in local jurisdictions who have centrally valued property need to fill out these forms to ensure accurate and fair assessment of their property for tax purposes.
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Local jurisdictionscentrally valued property refers to property that is centrally assessed by a state agency rather than by local assessors. This typically includes large businesses, utilities, and other significant properties that have a statewide or national presence.
Businesses and entities that own or operate centrally valued properties, such as utilities and facilities that cross local jurisdiction lines, are required to file local jurisdictionscentrally valued property.
To fill out the local jurisdictionscentrally valued property forms, respondents need to provide accurate property descriptions, financial information, and assessable values as required by the state agency overseeing assessments.
The purpose of local jurisdictionscentrally valued property is to ensure fair and equitable property tax assessments for properties that have a wide impact across different local jurisdictions.
Essential information that must be reported includes the property owner's details, a description of the property, its assessed value, and any relevant financial data necessary for assessment.
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