Fiscal Note
BILL # SB 1120 TITLE: assessor's valuation; special districts; petitions
SPONSOR: Mesnard STATUS: Senate Engrossed
PREPARED BY: Hans Olofsson
Description
The Senate Engrossed version of SB 1120 clarifies that all taxable properties included in the process of establishing a fire
district, community park maintenance district, sanitary district or hospital district consist of both real and personal
property. The bill further specifies that the assessed value included in the creation of these special taxing districts is the
full cash value for property assessed by the Department of Revenue ("centrally valued property") and the limited property
value for property assessed by county assessors ("locally assessed property"). The bill has a general effective date.
Estimated Impact
The bill has no General Fund impact.
Analysis
According to the Arizona Association of Counties, this bill does not make any substantive changes related to the valuation
of special taxing districts. Instead, the bill is intended to clarify current practice with respect to the valuation of property
included in the process of establishing fire districts, community park maintenance districts, sanitary districts, or hospital
districts.
Local Government Impact
None
3/18/25