Bill Amendment: AZ HB2439 | 2016 | Fifty-second Legislature 2nd Regular
Bill Title: Property tax valuation
Status: 2016-02-15 - Referred to House RULES Committee [HB2439 Detail]
Download: Arizona-2016-HB2439-HOUSE_PROPOSED_AMENDMENT_Ways_and_Means.html
Fifty-second Legislature Ways and Means
Second Regular Session H.B. 2439
PROPOSED
HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B. 2439
(Reference to printed bill)
Page 1, strike lines 2 through 44
Strike pages 2 through 5
Page 6, strike lines 1 through 15
Renumber to conform
Strike lines 36 through 45
Strike page 7
Page 8, strike lines 1 through 3, insert:
"Sec. 2. Section 42-16002, Arizona Revised Statutes, is amended to read:
42-16002. Changes and corrections in tax roll to reflect determinations on review or appeal
A. The county assessor or county treasurer, whichever is appropriate, shall make the necessary changes in the tax roll and records to reflect the determinations that change valuations or classifications of property that result from reviews, administrative or judicial appeals or correction of errors and omissions under this title.
B. If a review or administrative appeal pursuant to article 2, 3 or 4 of this chapter or a judicial appeal pursuant to article 5 of this chapter results in a reduction of the valuation full cash value or a change in the classification of property, in the next year the valuation full cash value or classification of property shall be the valuation full cash value or classification that was determined by the review or appeal unless either:
1. There is new construction, a structural change or a change of use on the property.
2. Chapters 11 through 19 of this title require a specific annual formula for the valuation.
C. This section does not limit the right of a property owner to appeal the valuation or classification of the property."
Renumber to conform
Page 8, between lines 24 and 25, insert:
"4. under the equity approach, including the valuation of at least one comparable property in the same geographic area."
Strike lines 37 through 45
Page 9, strike lines 1 through 8
Renumber to conform
Strike lines 34 through 45
Page 10, strike lines 1 through 12
Renumber to conform
Strike lines 27 though 44
Page 11, strike lines 1 through 28
Renumber to conform
Page 13, strike lines 3 through 11
Amend title to conform
