2013 Arizona Revised Statutes
Title 42 - Taxation
§ 42-15253 Computing amount of taxes otherwise payable on remote municipal property


AZ Rev Stat § 42-15253 (through 1st Reg Sess 51st Leg. 2013) What's This?

42-15253. Computing amount of taxes otherwise payable on remote municipal property

(L01, Ch. 117, sec. 34. Eff. until 1/1/15)

A. On or before the third Thursday in August the county board of supervisors shall compute and report to the city, town or political subdivision the amount of property taxes that would otherwise be payable on the city's, town's or political subdivision's remote municipal property by:

1. Multiplying the combined total primary property tax rates of the political subdivisions in which the property is located by the primary assessed valuation of the property.

2. Multiplying the combined total secondary property tax rates of the political subdivisions in which the property is located by the secondary assessed valuation of the property.

B. The sum of the primary and secondary taxes so computed is the amount of property taxes otherwise payable on the remote municipal property.

Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.