small property tax amounts
HB 2572 provides for a change in Arizona property tax code that defers the collection of property taxes of twenty-five dollars or less without interest or penalties with the permission of the county treasurer.
Currently property taxes are paid in two installments. The first installment is half the amount owed and is due and payable on October 1; this tax bill is delinquent after November 1, if left unpaid. The second installment is the other half of the property tax owed which is due and payable on March 1. This tax bill is delinquent after May 1, if left unpaid. In 1998, the law was changed to state that a property tax bill that is fifty dollars or less must be paid in one full payment that is due and payable on October 1. In 1999, this law was changed again to state that a property tax bill that is one hundred dollars or less must be paid in one full payment which was due and payable on October 1.
This bill adds another provision that allows for deferrals of property tax bills that are less than twenty-five dollars until those bills reach twenty-five dollars or more.