Effort underway to lower property taxes for AZ businesses

By Howard Fischer | Capitol Media Services

Arizona Republican lawmakers are moving to lower property taxes on businesses.

But the chief proponent told members of the Senate Finance Committee on Wednesday that it is being done in a way not to shift the burden to homeowners, and without reducing revenues available to local governments and schools that depend on the levy.

What’s behind SB 1108 is the somewhat unusual system in Arizona where property is valued for tax purposes based on its use.

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