Arizona HB2357 amends the assessed valuation percentages for class one property over a specified period.
Arizona HB2357 modifies the assessed valuation percentages for class one property, adjusting the rates annually from 2005 through 2027. The bill specifies the percentage of the full cash value or limited valuation for class one property, with changes occurring each year from 25% through December 31, 2005, down to 15.5% by December 31, 2026. The changes impact property tax assessments for affected property owners.
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