AZ SB1211

Amends Arizona Revised Statutes Section 42-18053 to reduce the interest rate on delinquent property taxes from 16% to 10% per year simple interest.

Interest accrues from the time of tax delinquency, with fractions of a month counted as whole months.

Exempts interest collection when delinquency results from errors by the county assessor or county treasurer.

Exempts interest collection when full year property taxes are paid by December 31 of the tax year, regardless of payment schedule.