property valuation; splits; subdivisions; consolidations

Summary

The bill revises Arizona’s property tax statutes to define how a limited property value is calculated when parcels are split, subdivided, consolidated, modified, or experience a change in use. It creates separate rules based on the timing of the change and whether it was initiated by the owner or a government entity. The aim is to ensure comparable valuations across similar properties and clarify protections for certain owners.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share