If enacted, this bill would amend section 15-996 of the Arizona Revised Statutes to require that each property tax bill and property tax statement for properties located within a school district must include specific information regarding tax rates. The new language mandates that the county treasurer must separately state, at a minimum, the qualifying tax rate (QTR) determined under section 15-992, subsections E and F, as well as the tax rate levied by the school district. This information would be presented in a prescribed format that clearly identifies both the state-determined property tax rate and the school district's set tax property tax rate.

The bill would insert language that specifies how the tax rates should be communicated on property tax documents, ensuring transparency for property owners regarding the financial obligations associated with their properties. The current law remains unchanged, but the new provisions would enhance the clarity of tax statements by explicitly detailing the relevant tax rates, thereby providing property owners with better information about their tax liabilities.

Statutes affected:
Introduced Version: 15-996
House Engrossed Version: 15-996