Property Tax Class One; Equalization Assistance -
SB 1093 Prime Sponsor - Sen. J.D. Mesnard Co-Sponsors - Sen. Vince Leach and Sen. David Livingston Continues to gradually lower the assessment ratio on commercial property to 15% by 2027. Lowers the State Equalization Assistance Property Tax rate to provide further relief for all taxpayers and hold residential homeowners harmless. The state general fund will ensure that public schools experience no decrease in funding. Status - Signed into law by Governor Ducey on 4/22/22. |
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