If enacted, this bill would update current statutes concerning the establishment and modification of special taxing districts in Arizona by clarifying key definitions and procedural requirements. Specifically, it would expand the definition of "property" to include both real and personal property and redefine "valuation" to mean total limited assessed valuation as determined by the county assessor. The bill would also specify that the assessed value for district creation and boundary changes is based on the full cash value for properties assessed by the Arizona Department of Revenue and the limited property value for those assessed by the county assessor. Additionally, the bill would remove technical and conforming changes from current law to ensure consistency with the new definitions. It would also enhance clarity in procedural requirements for petitions, mandating that they include a clear heading and description of the proposed action, and requiring property owners to sign their full names and provide their addresses. These updates aim to streamline the process for creating and modifying special taxing districts while ensuring that property owners are well-informed and engaged in the decision-making process.

Statutes affected:
Introduced Version: 48-261, 48-262, 48-266, 42-17052, 48-851, 48-2001, 48-2002, 9-471