GPLET property-tax incentive known as a government property lease excise tax.

Arizona Incentives Lease Excise
The Government Property Lease Excise Tax ("GPLET") has been established by the State of Arizona and is a redevelopment tool to initiate development by reducing a project's operating costs by replacing the real property tax with an excise tax. Under the state statute an excise tax is established for the building type of use and is calculated on the gross square footage of the building. The use of the excise tax cannot continue for more than twenty-five years and requires that the land and improvements conveyed to a government entity and leased back for private use. The excise tax rate can be abated for the first eight years after a certificate of occupancy on the building is issued if the property is located within a Central Business District and a Redevelopment



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http://www.azcommerce.com/incentives/lease-excise

    

 

 

 

Government Property Lease Excise Tax (GPLET)

For Tax Year 2016 Government Property Lease Excise Tax (GPLET)

 

Rate Information please click here.

This page is a publication of information regarding property owned by government jurisdictions, but leased for commercial, residential rental or industrial purposes.  The information displayed includes a PDF of the actual lease, abstract of lease and/or memorandum of lease, along with some identifying information.  Once a list of leases is chosen, the information may be copied and pasted into a spreadsheet such as Microsoft Excel for use offline.

 

For all counties and cities https://www.azdor.gov/propertytax/gplet.aspx

For Maricopa County https://www.azdor.gov/propertytax/GPLET.aspx?CountyID=7&CityID=0 

 

Here in Mesa only one on the list

Town Center

One North Macdonald Street, Mesa, Arizona, 85211

City

City of Mesa

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