Property tax; residential property

Also relevant to:Homeowner

Where it is in the process

Plain-English Summary

This bill changes how certain properties are taxed in Arizona, particularly for prime contracting and online lodging. It redefines what qualifies as "class one property" to include residential properties owned by corporations or LLCs with more than 50 properties in a county that are leased or rented. The bill also proposes a new property tax exemption for primary residences owned by individuals aged 62 or older, provided the property has no mortgage and has been their primary residence for at least two years.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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