AZ SB1093

Amends the state equalization assistance property tax rate, establishing specific rates for tax years 2022-2027 ($0.4128 in 2022 declining to $0.2871 in 2027), replacing prior calculation methods.

Extends the reduction schedule for class one property assessed valuation, lowering from 18 percent through 2021 to 15 percent by 2027 in annual increments.

Updates fire district tax levy limits from $3.50 per $100 of assessed valuation for tax year 2023 to $3.75 per $100 for tax year 2024 and thereafter, with similar adjustments to override election caps.

Corrects statutory language by replacing "chairmen" with "chairperson" in references to legislative committee leadership positions.