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Senate Engrossed |
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State of Arizona Senate Fifty-fourth Legislature Second Regular Session 2020
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SENATE BILL 1113 |
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AN ACT
amending section 42‑18054, 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 42-18054, Arizona Revised Statutes, is amended to read:
42-18054. Tax statements for mortgaged property; liability
A. If property that is subject to taxation by the county assessor is mortgaged and the mortgagee, or a person acting for the mortgagee, by the terms of the mortgage agreement pays the tax on behalf of the mortgagor:
1. The county treasurer shall mail a statement of taxes due on the property to the mortgagor at the mortgagor's last known address. The tax statement sent to the mortgagor shall be mailed before November 1 and be a written document and may be in any form established by the county treasurer. The tax statement shall separately list the following for the current and previous tax years for the property:
(a) The amount of primary taxes and secondary taxes applicable to the property that is due to each taxing jurisdiction.
(b) If applicable, the amount of additional state aid to school districts provided to property classified as class three pursuant to section 42‑12003.
2. The county treasurer, on request, shall send a statement of taxes due on the property to the mortgagee. The tax statement sent to the mortgagee may be in any form established by the county treasurer.
2. 3. The liability for the tax, and any subsequent interest, fees and penalties, does not depend on either the mortgagor or the mortgagee receiving the tax statement.
B. When a mortgagee either continues to receive or possesses an unsatisfied tax statement from the county treasurer after the mortgage is satisfied, the mortgagee shall either:
1. Return the tax statement to the county treasurer within thirty working days, together with the last known address of the mortgagor as shown on the records of the mortgagee.
2. Forward the tax statement or current taxes due information to the mortgagor and notify the county treasurer of this action.
C. If a mortgagee fails to comply with subsection B of this section and, as a result of the mortgagee's failure to comply, the tax on the mortgagor's property becomes delinquent, the mortgagee is liable to the mortgagor for all interest and penalties imposed by law for the delinquent tax.