{"data":{"id":"us-az/a.r.s.-11-1131","jurisdiction":"us-az","citation":"A.R.S. § 11-1131","heading":"Definitions","body":"In this article, unless the context otherwise requires:\n\n1. \"Department\" means the department of revenue.\n\n2. \"Value\" means:\n\n(a) In any case other than a gift, the amount of the full actual consideration that is paid or to be paid, including the amount of any lien or liens.\n\n(b) In the case of a gift or a contract or deed with nominal consideration or without stated consideration, the estimated price the property would bring in an open market and under the prevailing market conditions in a sale between a willing seller and a willing buyer, both of whom are conversant with the property and with prevailing general price levels.","path":["Title 11 Counties"],"source_url":"https://www.azleg.gov/ars/11/01131.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"dcece39cc48e5b4b62af2f5e821f7a1ef8750e494afe726ac5ac027dff925460","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-11-113","next":"us-az/a.r.s.-11-1132"},"notice":"GroundRules: Original legal text. Not legal advice."}