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.
42-15157 - Destruction of property after rolls closed; proration of valuation and taxes
42-15157. Destruction of property after rolls closed; proration of valuation and taxes
A. If a property is destroyed after the assessor closes the rolls, the property owner may file a notice of claim pursuant to section 42-16254 to prorate the valuation of the property from the date of destruction.
B. If the assessor finds that the property has been destroyed:
1. The assessor shall prorate the value of the property from the lien date to the date of destruction.
2. The county treasurer shall compute the amount of taxes assessed against the property by applying the tax rate for the appropriate tax year to the original valuation prorated for the portion of the year the property was intact, plus the tax rate for the appropriate tax year to the reassessed value of the property prorated for the balance of the year.