Arizona Law Limiting Property Taxes Likely to Hit Community Colleges Hard

Watts, Jim
July 2006
Bond Buyer;7/5/2006, Vol. 357 Issue 32416, p3
Trade Publication
The article reports on the possibility that community college districts will be hit by property tax retrenchment included in the new law that provides big tax cuts in Arizona. The new law passed by Governor Janet Napolitano, freezes local property tax assessments at the 2005 level with annual increases of 2 percent plus the value of new construction during the year. The tax law requires governments seeking bond authorization to show tax impact of the estimated debt service on home and commercial or industrial property.


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