ARIZONA HOUSE OF REPRESENTATIVES

57th Legislature, 2nd Regular Session

Majority Research Staff

 

☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note

HB 2289: truth in taxation; bonds; notices

Sponsor: Representative Olson, LD 10

Committee on Ways & Means

Overview

Modifies various Truth in Taxation statutes and election informational-pamphlet requirements for cities and counties (municipalities), school districts and other taxing entities, to include in the tax impact examples, an additional owner-occupied home value of $400,000.

History

When school districts or municipalities hold elections to issue bonds or override their statutory budget limits, they must send out informational pamphlets that contain statutorily specified data and information. Among this information is a tax impact example, that shows the tax rate and cost of such an election passing, for the owner of a single-family home that is valued at $100,000 (A.R.S. §§ 15-481; 15-491; 35-454).

Arizona law contains multiple Truth in Taxation notice-and-hearing requirements that apply when a taxing jurisdiction proposes a property tax levy that is higher than the prior year’s levy. These Truth in Taxation requirements generally include a section specifying what notice must be sent, including a tax impact example, that shows the tax rate and cost of such an election for certain properties at given valuations (A.R.S. §§ 15-905.01; 15-1461.01; 41-1276; 42-17107; 48-254).

Provisions

1.   Revises the informational pamphlet for the budget overrides and bond elections of school districts and municipalities to include, for the examples of the tax rate and estimated cost associated with the proposal, a single-family home valued at $100,000 and $400,000. (Sec. 1-2, 5)

2.   Revises the informational pamphlet for the bond election of a municipality to include, for the examples of the tax rate and estimated cost associated with the proposal, a commercial property valued at $2,000,000. (Sec. 5)

3.   Revises the Truth in Taxation hearing notice for a tax increase to include the estimated tax impact of an increase in property taxes on a home valued at $400,000. (Sec. 3-4, 6-8)

4.   Makes various technical and conforming changes. (Sec. 1-8)

 

 

 

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Initials NM                HB 2289

1/15/2026        Page 0 Ways & Means

 

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