by Keith E. Russell, Maricopa County Assesor
Addendum Notice -received with your tax bill
In accordance with House Bill 2221 enacted in the 2006 legislative session, the purpose of this addendum is to inform property owners of the following: If the property listed on this Notice of Value is used for rental residential purposes as defined in A.R.S. §42-12004 and is currently classified as legal class 3 (primary residence), you must register the property as rental residence (legal class 4) with the County Assessor pursuant to A.R.S. §33-1902 of the Rental Residential Property law. Failure to do so may subject you to a penalty. If the property is leased to a qualifying family member the property must be registered with the County Assessor pursuant to A.R.S. §33-1902 but it will still qualify as a class 3 property. In order to register your property, you may visit our website at: mcassessor.maricopa.gov/Assessor/Residential_Property_links.aspx
If you fail to register the rental property with the County Assessor after receipt of this Notice of Value, the city or town in which the property is located may impose a civil penalty in the amount of one hundred and fifty dollars ($150) per day payable to the city or town for each day of violation, and the city or town may impose enhanced inspection and enforcement measures on the property.
Note: Several Arizona cities and towns impose a transactional privilege (sales) tax on persons engaged in the business of leasing or renting residential property. You can access the Model City Tax Code Section 445 for information on the cities and towns that impose the tax to determine if you are required to report the rental use. The web site for the model city tax code is modelcitytaxcode.az.gov/. That site also contains a phone number to answer questions you have regarding the applicable requirements for the municipal privilege/sales tax program. Residential Rental Properties are required to comply with the Landlord Tenant Act pursuant to Title 33, Chapters 10 & 11.