This bill proposes updates to section 42-16214 of the Arizona Revised Statutes regarding property tax appeals. The current law mandates that the county treasurer pay judgments from property tax collections in the next fiscal year, unless there are sufficient budgeted funds for an immediate refund. The bill adds that judgments may also be credited toward any taxes due to the county on the property involved in the appeal, contingent upon the approval of the board of supervisors.

Additionally, the bill modifies the handling of judgment amounts by stating that they may not be deducted from amounts owed to taxing jurisdictions in a subsequent fiscal year. The previous requirement for taxing jurisdictions to include proportional amounts of the judgment in their budgets for the next fiscal year is removed, along with the stipulation that any budget increases due to the judgment are not subject to legal budget limitations.

Statutes affected:
Introduced Version: 42-16214