REFERENCE TITLE: property tax delinquencies; interest rate

State of Arizona House of Representatives Fifty-first Legislature Second Regular Session 2014

HB 2175

Introduced by Representatives Kwasman, Allen, Barton, Kavanagh, Livingston, Seel: Boyer, Farnsworth E, Gray, Montenegro, Olson, Orr, Pierce J

 

AN ACT

 

amending section 42‑18053, Arizona Revised Statutes; relating to property tax.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 42-18053, Arizona Revised Statutes, is amended to read:

START_STATUTE42-18053.  Interest on delinquent taxes; exceptions

A.  Except as provided in subsection B of this section, all taxes bear interest from the time of delinquency at the rate of sixteen ten per cent per year simple until paid.  A fraction of a month is counted as a whole month.

B.  Interest shall not be collected:

1.  If the delinquency is the result of an error by the county assessor or county treasurer.

2.  If the full year tax for the year is paid on or before December 31 of the tax year.  This paragraph applies regardless of whether payment of tax is due pursuant to section 42‑18052, subsections A and B, or subsection C for an amount of tax one hundred dollars or less. END_STATUTE