A.R.S. § 42-14404: Apportionment of valuation

A. On or before November 30 of each year, the department shall:

1. Apportion the valuation among the several counties, cities, towns and special taxing districts through which the company's lines run.

2. Transmit a statement of the company's locations, descriptions and valuations to the respective county assessors.

B. The counties, municipalities and districts shall tax the company as railroad companies are taxed under article 8 of this chapter.