AZ SB1523

Amends sections 15-1461.01 and 42-17107 of Arizona Revised Statutes regarding truth in taxation notices and hearings for property tax increases by community college districts, counties, cities, and towns.

Requires governing bodies proposing primary property tax increases (excluding new construction) to publish notice twice in newspapers—first publication 14-20 days before hearing, second publication 7-10 days before hearing—in prominent placement with at least one-fourth page size and black border.

Mandates governing bodies consider motions to levy increased property taxes by roll call vote, with unanimous approval required if the proposed levy increase (excluding new construction) equals or exceeds 15 percent over the preceding year's levy.

Requires governing bodies to mail copies of the truth in taxation notice, publication statement, and voting results to the property tax oversight commission within three days after the hearing.

Imposes enforcement mechanism prohibiting governing bodies from levying primary property taxes exceeding the preceding year's amount if compliance requirements are not met, except for amounts from new construction.