A. At any time after the hearing on formation of the district, the district board, or, if before formation, the governing body, may call an election to submit to the persons who are eligible to vote in the district as prescribed in section 48-6818 and the qualified electors of the district the question of authorizing the district board to levy an ad valorem tax on the assessed value of all the real and personal property in the district at a rate or rates that do not exceed the maximum rate or rates specified in the ballot. All taxes shall be used for the operation and maintenance expenses of the district, excluding expenses for an area described in section 48-6808, subsection E, and shall not exceed an amount equal to thirty cents per one hundred dollars of assessed valuation for all real and personal property in the district, unless a higher rate is approved by a petition signed by the owners of at least fifty-one per cent of the net assessed value of the property of the district and a petition signed by at least fifty-one per cent of the property owners of the district. The district board by simple majority vote may reduce or eliminate any portion of the tax imposed by the district.

Terms Used In Arizona Laws 48-6817

  • Clerk: includes any person or official who performs the duties of clerk of the municipality or any person appointed by the district board to be the district clerk. See Arizona Laws 48-6801
  • Debt service: means the principal of, interest on and premium, if any, on the bonds, when due, whether at maturity or prior redemption and fees and costs of registrars, trustees, paying agents or other agents necessary to handle the bonds and the costs of credit enhancement or liquidity support. See Arizona Laws 48-6801
  • District: means a tax levying revitalization district formed pursuant to this article. See Arizona Laws 48-6801
  • District board: means the board of directors of the district. See Arizona Laws 48-6801
  • Enhanced municipal services: means public service provided within the district at a higher level or to a greater degree than provided outside the district. See Arizona Laws 48-6801
  • Governing body: means the body or board that by law is constituted as the legislative department of the municipality, Indian tribe or community. See Arizona Laws 48-6801
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Infrastructure: means all improvements listed in this paragraph that will result in a beneficial use principally to land within the geographical limits of the district and may include a district's share of any improvements listed in this paragraph if the district board determines such share is proportionate to the beneficial use of such improvements to land within the geographical limits of the district, improvements within or outside the geographical limits of the district, necessary or incidental work, whether newly constructed, renovated or existing, and all necessary or desirable appurtenances. See Arizona Laws 48-6801
  • Municipality: means an incorporated city or town and includes an Indian tribe or community. See Arizona Laws 48-6801
  • Personal property: All property that is not real property.
  • Personal property: includes money, goods, chattels, things in action and evidences of debt. See Arizona Laws 1-215
  • Property: includes both real and personal property. See Arizona Laws 1-215

B. The district may not levy at a rate or rates in excess of the maximum rate then in effect.

C. When levying an ad valorem tax, the district board shall make annual statements and estimates of the operation and maintenance expenses of the district and the amount of all other expenditures for infrastructure and enhanced municipal services proposed to be paid from the tax levy or levies, all of which shall be provided for by the levy and collection of ad valorem taxes on the assessed value of all the real and personal property in the district. The district board shall file the annual statements and estimates with the clerk. The district board shall publish a notice of the filing of the estimate, shall hold hearings on the portions of the estimate not relating to debt service on bonds and shall adopt a budget. The board, on or before the date set by law for certifying the annual budget of the county or municipality, shall fix, levy and assess the amounts to be raised by ad valorem taxes of the district and shall cause certified copies of the order to be delivered to the board of supervisors and to the department of revenue. All statutes relating to the levy and collection of general county taxes, including the collection of delinquent taxes and sale of property for nonpayment of taxes, apply to the district taxes provided for by this section.

 

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