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AZ HB2515
Bill
Status
4/18/2025
Primary Sponsor
Justin Olson
Click for details
AI Summary
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Updates property valuation examples in truth in taxation notices and bond election informational materials from $100,000 home valuations to include both $100,000 and $400,000 home examples for tax impact comparisons.
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Modifies notice requirements for school district budget overrides, community college districts, counties, cities, towns, and special taxing districts to display tax impacts on both $100,000 and $400,000 valued properties.
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Changes ballot language requirements for general obligation bonds to use "boldface type" and clarifies that principal and interest will be paid from a continuing, direct, annual, ad valorem tax levied against all taxable property.
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Updates bond election informational pamphlet requirements to include tax rate information associated with individual capital improvements and estimated costs for both $100,000 and $400,000 valued properties.
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Revises school district override election informational pamphlets to include tax rate examples for single family homes valued at $100,000 and $400,000 instead of the previous $80,000 valuation standard.
Legislative Description
Truth in taxation; bonds; notices
Taxation
Last Action
Governor Vetoed
4/18/2025