Arizona SB1724 amends property valuation rules for splits, subdivisions, and consolidations.

Arizona SB1724 modifies property valuation procedures for splits, subdivisions, and consolidations. It defines terms such as "economic unit" and "independently usable" and establishes rules for determining limited property value in various scenarios. The bill specifies that if a split, subdivision, or consolidation occurs from January 1 through September 30 of the valuation year, the limited property value remains the same as the original parcel.

Arizona SB1724 amends property valuation rules for splits, subdivisions, and consolidations.

Arizona SB1724 modifies property valuation procedures for splits, subdivisions, and consolidations. It defines terms such as "economic unit" and "independently usable" and establishes rules for determining limited property value in various scenarios. The bill specifies that if a split, subdivision, or consolidation occurs from January 1 through September 30 of the valuation year, the limited property value remains the same as the original parcel.