ARIZONA HOUSE OF REPRESENTATIVES

Fifty-sixth Legislature

Second Regular Session

 

HB 2408: property tax assessment; destroyed property

Sponsor: Representative Gillette, LD 30

Committee on Ways & Means

Overview

Allows a county assessor to issue a notice of proposed correction for a property destroyed after the rolls have closed.

History

Each year, the county assessor creates a real and personal property assessment roll, which values properties under classifications. If a property is destroyed, the classification in the assessment roll is changed, and the tax rate is prorated and applied for the value of a destroyed property since the date of destruction. If a property was destroyed after the closing of the rolls, the property owner may file a notice of claim (A.R.S. § 42-15157).

Provisions

1.   Permits the county assessor to issue a notice of proposed correction to prorate the valuation of the property from the date of destruction. (Sec. 1)

2.   Authorizes the county assessor to maintain the property classification of a destroyed property for five years, unless a verifiable change in use occurs. (Sec. 1)

3.   Requires the county assessor to notify the property owner of the property assessment. (Sec. 1)

4.   Defines destroyed as physical destruction caused by a verifiable accident, including fire, flood or any other act of God. (Sec. 1)

5.   ☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal NoteMakes conforming changes. (Sec. 1)

 

 

 

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                        HB 2408

Initials VP/MG          Page 0 Ways & Means

 

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