PREFILED DEC 22 2020
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REFERENCE TITLE: delinquent property tax; interest; waiver |
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State of Arizona House of Representatives Fifty-fifth Legislature First Regular Session 2021
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HB 2025 |
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Introduced by Representative Kavanagh
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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:
42-18053. 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.