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Regular Agenda Item 4. B.

Regular BOS Meeting

Meeting Date:	08/17/2020
Submitted For:	Joseph Williams	Submitted By:	Joseph Williams, Assessor
Department:	Assessor's Office

Information

Request/Subject

HB2493 Solar Property Tax Refunds

Background Information

On August 27, 2019, House Bill 2493 went into effect outlining a new method of valuation for rooftop solar panels.

Evaluation

The new method drastically reduces the value from previous valuation methods, which also reduces the amount of taxes to be paid by solar property owners. The new method is retroactive to the tax year 2015.

Conclusion

HB2493 results in the refunds of 90-95% of property taxes paid by solar property owners in the past 5 years.

Recommendation

To comply with HB2493, Gila County Assessor Joseph Williams recommends that the Board of Supervisors approve the property tax refunds according to the new valuation method outlined by the bill.

Suggested Motion

Information/Discussion/Action to authorize the Assessor's Office to issue tax roll corrections on the solar property accounts for tax years 2015 through 2018; and authorize the Treasurer's Office to issue refunds based on the tax roll corrections. (Joseph Williams)

Attachments
Summary Report