This bill proposes several updates to the Arizona Revised Statutes regarding property tax classifications. It introduces new definitions and classifications for properties, specifically adding class one property under section 42-12001, paragraph 15 to the existing classifications. Additionally, it clarifies that properties primarily leased or rented to lodgers for less than thirty days will be classified under this new subclass, with exceptions for properties occupied by the owner or used for residential purposes that fall under other classifications. The bill also modifies the process for reviewing property classifications. It allows individuals who purchase or convert properties listed as class one to appeal for a change to class three if they occupy the property as their primary residence or if it is occupied by a family member. Furthermore, it updates the treatment of renewable energy systems, stating that such systems are considered to add no value to properties classified under class one as prescribed in section 42-12001, paragraph 15, class three, or class four. Overall, these changes aim to modernize property tax classifications and streamline the review process for property owners.

Statutes affected:
Introduced Version: 42-5075, 42-5076, 42-12001, 42-12054, 42-12056, 32-1121, 45-604, 42-1301, 41-1514.02, 42-5061, 42-5159, 15-1670, 41-1516, 9-463.05, 11-1102, 49-701, 42-5029, 42-5032.01, 42-5032.02, 3-361, 3-262, 42-5008.01, 42-12002, 42-12003, 42-12004, 41-4001, 42-5005, 42-5070, 42-14053, 42-14151, 42-14503, 42-14102, 42-14201, 42-14159, 42-12053, 42-16111