AZ HB2184

Reduces school district equalization assistance payments by a percentage of their ending fund balances for fiscal years 2014-2019, phasing from 20% to 100% depending on the year and fund type (maintenance and operation, capital outlay, and soft capital allocation).

Provides additional state aid for property tax reduction through fiscal years 2014-2019, with allocations ranging from $144 million (FY 2014-2015) to $720 million (FY 2018-2019) distributed based on class one property tax levies within each school district.

Reduces the assessed valuation percentage for class one property from 17.6% to 10.0% of full cash value or limited valuation over the five-year period from 2014-2015 through 2018-2019.

Directs monies allocated under the additional state aid provisions to county treasurers for use in reducing property taxes for property classes two through nine on a pro rata basis across all taxing jurisdictions.

Modifies language in section 15-972 replacing "which" with "that" in references to school districts.