ARIZONA HOUSE OF REPRESENTATIVES

Fifty-fifth Legislature

First Regular Session

House: WM DP 9-1-0-0

HB 2025: delinquent property tax; interest; waiver

Sponsor:  Representative Kavanagh, LD 23

Caucus and COW

Overview

Allows a county treasurer to waive interest and penalties for delinquent taxes. Allows this waiver only once per property.

History

Mandates  that  all delinquent taxes  bear interest at  the rate of 16% per year until paid. Interest

shall not be collected if:

1)    Delinquency is the result of an error by the county assessor or treasurer; or

2)    If the full-year tax is paid on or before December 31 of the tax year. (A.R.S. § 42-18053)

Provisions

1.    ☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal NoteAllows the county treasurer to waive interest and penalties that accumulate during a one-year period after a mortgage or deed of trust has been satisfied or otherwise released on a property. (Sec. 1)

2.    Limits a taxpayer to one waiver under this subsection per property. (Sec. 1)

3.    Contains technical changes. (Sec.1)

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7.                      HB 2025

8.    Initials VP  Page 0 Caucus & COW

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