Bill > SB1120

This bill modifies Arizona state law regarding the creation and boundary changes of special taxing districts, such as fire districts, community park maintenance districts, sanitary districts, and hospital districts. It introduces several key changes, including clarifying how assessed property valuations are determined for different types of districts. Specifically, for properties assessed by the Department of Revenue, the assessed value will be the full cash value, while for properties assessed by the county assessor, the assessed value will be the limited property value. The bill also updates the procedures for creating new districts and changing district boundaries, including requirements for petition forms, notification processes, and signatures from property owners. It provides more detailed guidelines on what information must be included in district impact statements, such as estimated changes in property tax liability and potential benefits and injuries from creating or changing a district. The bill aims to make the process of establishing and modifying special taxing districts more transparent and standardized, ensuring that property owners are adequately informed and have opportunities to provide input on proposed district changes.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/82017