Loading chat...
AZ SB1294
Bill
Status
Engrossed
2/24/2026
Primary Sponsor
Javan Mesnard
Click for details
AI Summary
- Allows property owners to file a claim or county assessors to issue corrections to prorate property valuations when property is destroyed after tax rolls are closed
- Requires county assessors to prorate property value from the lien date to the date of destruction
- Permits county assessors to maintain the property's original classification for up to five years after destruction by verifiable accidents (fire, flood, or other acts of God), or until an objectively verifiable change in use occurs
- Directs county treasurers to calculate taxes by applying the tax rate to the prorated original valuation for the period the property was intact, plus the reassessed value for the remainder of the year
- Applies retroactively to events occurring after September 13, 2024
Legislative Description
Property tax assessment; destroyed property
Retroactivity
Last Action
House minority caucus: Do pass
3/10/2026
Committee Referrals
Rules3/2/2026
Ways and Means2/24/2026
Rules1/26/2026
Finance1/26/2026
Full Bill Text
No bill text available