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AZ HB2357

Bill

Official Source

Status

Introduced

1/20/2026

Primary Sponsor

Quanta Crews

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - Second Regular Session (2026)

AI Summary

  • Amends the property tax assessment ratio for class one property (commercial, industrial, utilities, and other business property) in Arizona
  • Increases the assessment ratio from the scheduled 15% to 20% beginning January 1, 2027
  • Further increases the assessment ratio to 28% beginning January 1, 2028
  • Reverses the decade-long trend of gradual assessment ratio reductions, which decreased from 25% in 2005 to 15.5% in 2026
  • Results in higher property tax liability for class one property owners by increasing the percentage of full cash value subject to taxation

Legislative Description

Class one property; assessment ratio

Last Action

House read second time

1/21/2026

Committee Referrals

Rules1/20/2026
Ways and Means1/20/2026

Full Bill Text

No bill text available