PREFILED    DEC 22 2020

REFERENCE TITLE: delinquent property tax; interest; waiver

 

 

 

State of Arizona

House of Representatives

Fifty-fifth Legislature

First Regular Session

2021

 

 

HB 2025

 

Introduced by

Representative Kavanagh

 

 

AN ACT

 

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

 

 

(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; waiver

A.  Except as provided in subsection B of this section, all taxes bear interest from the time of delinquency at the rate of sixteen per cent percent 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 pursuant to section 42-18052, subsection C for an amount of tax one hundred dollars that is $100 or less.

C.  The county treasurer may waive the interest that accrues pursuant to this section, and any other penalties, for a DELINQUENCY that occurs during the one-year period after a MORTGAGE or deed of trust is satisfied or otherwise released on the property.  A taxpayer may receive a waiver under this subsection only once per property. END_STATUTE