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REFERENCE TITLE: property tax limits; local districts |
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State of Arizona Senate Fiftieth Legislature Second Regular Session 2012
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SB 1335 |
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Introduced by Senator Melvin: Representatives Gowan, Pratt
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AN ACT
Amending title 15, chapter 9, article 1, Arizona Revised Statutes, by adding section 15-905.02; amending title 48, chapter 1, article 3, Arizona Revised Statutes, by adding section 48-132; changing the designation of title 48, chapter 1, article 3, Arizona Revised Statutes, to "district taxes"; relating to ad valorem taxation.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 15, chapter 9, article 1, Arizona Revised Statutes, is amended by adding section 15-905.02, to read:
15-905.02. Limitation on annual increases in school district ad valorem tax levies
A. In addition to any other prescribed limitation on tax levies, beginning in tax year 2013, the maximum amount of the annual levy of ad valorem taxes by any school district shall not exceed an amount two per cent greater than the amount levied in the preceding tax year.
B. The limitation prescribed by subsection A of this section does not apply to ad valorem taxes levied to pay the principal of and the interest and redemption charges on bonded indebtedness or other lawful long-term obligations issued or incurred for a specific purpose before January 1, 2013.
C. The voters of a district may elect to allow ad valorem taxation in excess of the limitation prescribed by subsection A of this section for a single tax year. Any election under this subsection:
1. Must be held no later than the third Tuesday in may of the tax year.
2. Must receive affirmative votes of at least two-thirds of the qualified electors voting on the measure to authorize the levy in excess of the limitation prescribed by subsection A of this section.
D. The limitation prescribed by subsection A of this section shall be:
1. Increased each year to the maximum permissible limit, whether or not the district actually levies ad valorem taxes to that amount.
2. Increased by the amount of ad valorem taxes levied against property not subject to taxation in the prior year and decreased by the amount of ad valorem taxes levied against property subject to taxation in the prior year and not subject to taxation in the current year. Those amounts shall be computed using the rate applied to property not subject to this subsection.
Sec. 2. Title 48, chapter 1, article 3, Arizona Revised Statutes, is amended by adding section 48-132, to read:
48-132. Limitation on annual increases in district tax levies; definition
A. In addition to any other prescribed limitation on tax levies, beginning in tax year 2013, the maximum amount of the annual levy of ad valorem taxes levied by any special taxing district shall not exceed an amount two per cent greater than the amount levied in the preceding tax year.
B. The limitation prescribed by subsection A of this section does not apply to ad valorem taxes or special assessments levied to pay the principal of and the interest and redemption charges on bonded indebtedness or other lawful long‑term obligations issued or incurred for a specific purpose before January 1, 2013.
C. The voters of a district may elect to allow ad valorem taxation in excess of the limitation prescribed by subsection A of this section for a single tax year. Any election under this subsection:
1. Must be held no later than the third Tuesday in May of the tax year.
2. Must receive affirmative votes of at least two-thirds of the qualified electors voting on the measure to authorize the levy in excess of the limitation prescribed by subsection A of this section.
D. The limitation prescribed by subsection A of this section shall be:
1. Increased each year to the maximum permissible limit, whether or not the district actually levies ad valorem taxes to that amount.
2. Increased by the amount of ad valorem taxes levied against property not subject to taxation in the prior year and decreased by the amount of ad valorem taxes levied against property subject to taxation in the prior year and not subject to taxation in the current year. Those amounts shall be computed using the rate applied to property not subject to this subsection.
E. For the purposes of this section, "district" includes any property improvement assessment district, improvement district or other special taxing district under this title that levies assessments or taxes measured by the assessed valuation of property in the district.
Sec. 3. Heading change
The article heading of title 48, chapter 1, article 3, Arizona Revised Statutes, is changed from "COMPROMISE OF DISTRICT TAXES" to "DISTRICT TAXES".