Bill Text: AZ HB2499 | 2016 | Fifty-second Legislature 2nd Regular | Introduced
Bill Title: Truth in taxation; detailed notice
Spectrum: Partisan Bill (Republican 7-0)
Status: (Introduced - Dead) 2016-01-26 - Referred to House WM Committee [HB2499 Detail]
Download: Arizona-2016-HB2499-Introduced.html
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REFERENCE TITLE: truth in taxation; detailed notice |
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State of Arizona House of Representatives Fifty-second Legislature Second Regular Session 2016
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HB 2499 |
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Introduced by Representatives Barton, Fann, Thorpe: Finchem, Leach, Mesnard, Shope
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AN ACT
Amending section 42-17107, Arizona Revised Statutes; relating to truth in taxation notices.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 42-17107, Arizona Revised Statutes, is amended to read:
42-17107. Truth in taxation notice and hearing; roll call vote on tax increase; definition
A. On or before February 10 of the tax year, the county assessor shall transmit and certify to the property tax oversight commission and to the governing body of the county, city or town the total net assessed values that are required to compute the levy limit prescribed by section 42‑17051. If the proposed primary property tax levy, excluding amounts that are attributable to new construction, is greater than the amount levied by the county, city or town in the preceding tax year in the county, city or town:
1. The governing body shall publish a notice that meets all of the following requirements:
(a) The notice shall be Is published twice in a newspaper of general circulation in the county, city or town. The first publication shall be at least fourteen but not more than twenty days before the date of the hearing. The second publication shall be at least seven but not more than ten days before the date of the hearing.
(b) The notice shall be Is published in a location other than the classified or legal advertising section of the newspaper in which it is published.
(c) The notice shall be Is at least one‑fourth page in size and shall be surrounded by a solid black border at least one‑eighth inch in width.
(d) The notice shall be Is in the following form, with the "truth in taxation hearing notice of tax increase" headline in at least eighteen-point type:
Truth in Taxation Hearing
Notice of Tax Increase
In compliance with section 42‑17107, Arizona Revised Statutes, (name of county, city or town) is notifying its property taxpayers of __ (name of county, city or town)'s intention to raise its primary property taxes over last year's level. ____(name of county, city or town) is proposing an increase in primary property taxes of $__________ or _____%.
(e) Includes each of the following explanations that contribute to the tax increase:
1. The proposed tax increase is the result of ____(name of county, city or town) increasing its primary property tax rate from $____ per one hundred dollars of net assessed valuation to $____ per one hundred dollars of net assessed valuation.
For example, the proposed tax increase will cause (name of county, city or town)'s primary property taxes on a $100,000 home to increase from $____(total taxes that would be owed without the proposed tax increase) to $____(total proposed taxes including the tax increase). The proposed increase in the primary property tax rate accounts for $____ or ____% of the total increase in the primary property tax levy.
2. The proposed tax increase is the result of an increase in the net assessed value of centrally valued properties (manufacturing, mining, etc.), valued by the Arizona Department of Revenue, from $____ to $____.
For example, this will cause the amount of primary property taxes levied by ____(name of county, city or town) on centrally assessed properties to increase from $____ to $____, but it will not increase the amount levied on residential property. The increase in the net assessed value of centrally assessed properties accounts for $____ or ____% of the total increase in the primary property tax levy.
3. The proposed tax increase is the result of an increase in the net assessed value of locally assessed properties (residential, commercial, etc.), valued by the (name of county) county assessor, from $____ to $____.
For example, the proposed tax increase will cause _ __(name of county, city or town)'s primary property taxes on a $100,000 home to increase from $____(total taxes that would be owed without the proposed tax increase) to $____(total proposed taxes including tax increase) . The increase in the net assessed value of locally assessed property accounts for $____ or ____% of the total increase in the primary property tax levy.
This proposed increase is exclusive of increased primary property taxes received from new construction. The increase is also exclusive of any changes that may occur from property tax levies for voter approved bonded indebtedness or budget and tax overrides.
All interested citizens are invited to attend the public hearing on the tax increase that is scheduled to be held ___ (date and time) at ____(location) .
2. In lieu of publishing the truth in taxation notice, the governing body may mail the truth in taxation notice prescribed by paragraph 1, subdivision (d) of this subsection to all registered voters in the county, city or town at least ten but not more than twenty days before the date of the hearing on the estimates pursuant to section 42‑17104.
3. In addition to publishing the truth in taxation notice under paragraph 1 of this subsection or mailing the notice under paragraph 2 of this subsection, the governing body shall issue a press release containing the truth in taxation notice.
4. The governing body shall consider a motion to levy the increased property taxes by roll call vote.
5. Within three days after the hearing, the governing body shall mail a copy of the truth in taxation notice, a statement of its publication or mailing and the result of the governing body's vote under paragraph 4 of this subsection to the property tax oversight commission.
6. The governing body shall hold the truth in taxation hearing on or before the adoption of the county, city or town budget under section 42‑17105.
B. If the governing body fails to comply with the requirements of this section, the governing body shall not fix, levy or assess an amount of primary property taxes that exceeds the preceding year's amount, except for amounts attributable to new construction.
C. For the purposes of this section, "amount attributable to new construction" means the net assessed valuation of property added to the tax roll since the previous year multiplied by a property tax rate computed by dividing the primary property tax levy of the county, city or town in the preceding year by the estimate of the total net assessed valuation of the county, city or town for the current year, excluding the net assessed valuation attributable to new construction.
