AZ HB2175

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

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

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

Exempts interest charges if full year property tax is paid by December 31 of the tax year, regardless of whether the tax payment is due under standard provisions or for amounts of $100 or less.