HB2097 Summary

• Clarifies that personal property owners are not required to report property that is exempt from taxation, and county assessors cannot require exemption applications for such property.

• Specifies that reporting requirements apply to all property owners regardless of whether they also own real property in the county valued at $200 or more.

• Exempts from reporting requirements livestock exempt under the Arizona Constitution and certain agricultural property and business property exempt from taxation.

• Clarifies that assessments remain valid whether or not the property report form was sent or received by the owner.

• Specifies that property reports are confidential but may be used as evidence in prosecutions and are subject to audit, with escaped property liable for taxes plus a 10 percent penalty.