This bill proposes several updates to the Arizona Revised Statutes regarding property tax classifications. It introduces new language to define "class one property" under section 42-12001, specifically including properties primarily leased or rented to lodgers for less than thirty days. Additionally, it clarifies that properties classified as class one, class two, or class four can be reviewed for a change to class three if they are occupied as a primary residence or by a member of the owner's immediate family. The bill also specifies that renewable energy systems will not add value to properties classified under these categories.

The bill deletes outdated language and modifies existing definitions to better reflect current practices and classifications. For instance, it removes the previous exclusions for online lodging marketplaces and updates the definition of renewable energy systems to encompass a broader range of technologies. Overall, the bill aims to modernize property tax classifications and ensure that they align with contemporary usage and ownership patterns.

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