Property Valuation
In Arizona, the 'gross income multiplier' (GIM) at the annual level is used differently from the GRM (gross rent multiplier) in that:
AGIM uses annual gross income; GRM uses monthly gross rent✓ Correct
BThey are identical calculations
CGIM is used for residential; GRM is used for commercial
DGIM accounts for expenses; GRM does not
Explanation
GRM uses monthly gross rent (Value = GRM × Monthly Rent). GIM uses annual gross income (Value = GIM × Annual Gross Income).
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