The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
42-15253 - Computing amount of taxes otherwise payable on remote municipal property
42-15253. Computing amount of taxes otherwise payable on remote municipal property
A. On or before the third Thursday in August, the county board of supervisors shall compute and report to the city, town or political subdivision the amount of property taxes that would otherwise be payable on the city's, town's or political subdivision's remote municipal property by:
1. Multiplying the combined total primary property tax rates of the political subdivisions in which the property is located by the assessed valuation of the property.
2. Multiplying the combined total secondary property tax rates of the political subdivisions in which the property is located by the assessed valuation of the property.
B. The sum of the primary and secondary taxes so computed is the amount of property taxes otherwise payable on the remote municipal property.