Assigned to FIN                                                                                                  AS PASSED BY COMMITTEE

ARIZONA STATE SENATE

Fifty-Fourth Legislature, First Regular Session

AMENDED

FACT SHEET FOR S.B. 1033

property tax statements; mortgaged property

Purpose

            Requires a county treasurer to mail written property tax statements in any form to the mortgagor if the mortgagee pays the tax on behalf of the mortgagor.

Background

            If a mortgagee pays the tax on a property on behalf of the mortgagor, current statute requires the county treasurer to, upon request, mail property tax statements to the mortgagor and mortgagee. The tax statement sent to the mortgagor must be a written document, and the tax statement sent to the mortgagee may be in any form established by the county treasurer (A.R.S.
§ 42-18054).

            There is no anticipated fiscal impact to the state General Fund associated with this legislation.

Provisions

1. Compels, rather than requiring upon request, a county treasurer to mail property tax statements to the mortgagor if the mortgagee pays the tax on behalf of the mortgagor.

2. Allows the tax statement sent to the mortgagor to be in any written form established by the county treasurer.

3. Makes technical changes.

4. Becomes effective on the general effective date.

Amendments Adopted by Committee

1. Allows the written tax statement sent to the mortgagor to be in any form established by the county treasurer.

2. Requires upon request a county treasurer to send a property tax statement to the mortgagee.

Senate Action

FIN                 1/30/19      DPA    9-1-0

Prepared by Senate Research

January 31, 2019

CS/LC/kja