property tax assessment; destroyed property

Broader tax relief for destroyed property

Retroactive to September 13, 2024, Arizona expands tax relief for property destroyed after the county assessor closes the tax rolls. Owners can file a claim, or the assessor can start a correction. Once the assessor confirms destruction, the assessor must prorate the original value from the property tax lien date through destruction. The treasurer calculates taxes using the original value before destruction and the reassessed value afterward, prorating each period. The tax rate for the appropriate tax year applies, and the assessor must notify the owner of the assessment. This relief no longer requires an accident. For verifiable accidents, including fire, flood, or other acts of God, assessors may keep the property's existing tax classification. That protection lasts five years or until an objectively verified change in use, whichever comes first.