This bill proposes amendments to section 42-16214 of the Arizona Revised Statutes regarding property tax appeals. The current law stipulates that the county treasurer must pay judgments from property taxes collected in the next fiscal year unless there are sufficient funds available for an immediate refund or if both parties agree to credit the judgment amount toward any remaining taxes due to the county, pending board approval.

The bill introduces new language that clarifies that the judgment amount may not be subtracted from amounts due to taxing jurisdictions in a subsequent fiscal year. Additionally, it removes the requirement for affected taxing jurisdictions to include a proportional amount of the judgment in their budgets for the next fiscal year, which is not subject to budget limitations. This change aims to streamline the process and reduce the financial burden on taxing jurisdictions related to property tax appeals.

Statutes affected:
Introduced Version: 42-16214