Arizona HB2814 modifies agricultural land valuation by using the income approach and excluding urban influences.
Arizona HB2814 amends the valuation of agricultural land by using the income approach, excluding urban influences. It defines the average annual net cash rental based on a five-year analysis of comparable land. The valuation excludes depreciable improvements, which are separately identified and valued. This bill affects county assessors and agricultural landowners in Arizona.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.