Arizona Revised Statutes § 42-17056 Initial Base Levy Limit If No Primary Property Taxes Were Levied In The Preceding Tax Year

42-17056. Initial base levy limit if no primary property taxes were levied in the preceding tax year

A. If a county, city, town or community college district did not levy primary property taxes in the preceding tax year, the governing body shall submit a proposed amount to be raised by primary property taxes for approval of the voters.

B. The election shall be held on the third Tuesday in May before the beginning of the fiscal year in as nearly as practicable the same manner as prescribed by title 35, chapter 3, article 3. The ballot shall state that if the amount is approved by the voters, it will be the base for determining levy limitations for the county, city, town or district for subsequent fiscal years.

C. If a majority of the qualified electors voting approve the proposed levy amount for primary property taxes, the levy applicable for the county, city, town or district for the next fiscal year shall be an amount not exceeding the approved amount.

D. On acceptance by the voters, the governing body shall send a copy of the approved resolution to the property tax oversight commission.

E. If the proposed levy amount is not approved, the county, city, town or community college district shall not levy a primary property tax for that year.

F. This section does not apply to community college tuition financing districts formed pursuant to section 15-1409, except that the property tax oversight commission shall set a property tax levy limit that is not less than the amount required pursuant to section 15-1409, subsection C.

Section: Previous  42-17004  42-17005  42-17051  42-17052  42-17053  42-17054  42-17055  42-17056  42-17057  42-17058  42-17101  42-17102  42-17103  42-17104  42-17105  Next

Last modified: October 13, 2016