Legislature faces deadline for property tax repeal

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PHOENIX -- The Legislature faces a Monday deadline for giving final approval to a proposed repeal of a state property tax that has been suspended for three years but is set to take effect again.

Deadline looming

Legislature faces deadline for property tax repeal - The Legislature faces a Monday deadline for giving final approval to a proposed repeal of a state property tax that has been suspended for three years but is set to take effect again.

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State law requires counties to set tax rates Monday.

The repeal has cleared both chambers of the Legislature. But the state House still has to approve tweaks made to the proposal. And then it would head to Gov. Jan Brewer.

Both chambers will reconvene at 1 p.m. Monday.

If the tax takes effect, the owner of a $200,000 home would pay an additional $70 in taxes.

It's unclear whether property tax bills would be held back by counties to wait for a repeal or whether property owners would be issued rebates if the levy appeared on bills and was later repealed.

(Copyright 2009 by The Associated Press. All Rights Reserved.)