Arizona § 48-2704 - Computation of tax rate; levy
Full text of Arizona Arizona Revised Statutes § 48-2704 — Computation of tax rate; levy, with citation guidance and answers to common questions.
§ 48-2704. Computation of tax rate; levy
A. The board of supervisors of each county in which a district or any part thereof is located shall annually, at the time of levying county taxes, levy a tax to be known as the "(name of district) drainage district tax" sufficient to raise the amount reported to the board in the estimate by the board of directors.
B. If the board of directors fails, neglects or refuses for any reason to report an amount sufficient to provide for the interest and redemption of all bonds issued by the district, as shown by the judgment rendered in the action to determine the validity of the bonds of the district provided for in section 48-2752, excepting bonds that have been duly and legally destroyed or cancelled under the provisions of this chapter, the board of supervisors shall levy an amount sufficient to provide for the interest and redemption of the bonds. If the bonds have been refunded under the provisions of article 8 of this chapter, the tax shall be sufficient to provide for the interest and redemption of the refunding bonds. Recording the judgment rendered in the action provided for in section 48-2752 in the office of the county recorder shall be legal notice to the board of supervisors of the issuance of bonds as therein described, but shall not be the exclusive means of notice.
C. The board of supervisors shall determine the rate of tax by deducting fifteen per cent for anticipated delinquencies from the total assessed value of the real property included within the district within the county as it appears on the assessment rolls of the county, and dividing the amount necessary to be raised under this section by the remainder of the total assessed value.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-2704
What does Arizona Revised Statutes § 48-2704 cover?
Section 48-2704 ("Computation of tax rate; levy") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 48-2704?
A common citation format is "Arizona Revised Statutes § 48-2704" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 48-2704 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.