AZ HB2526

Amends Arizona Revised Statutes section 42-13302 regarding property tax limited valuation to add new subsection E establishing that if full cash value is reduced through specified appeals processes, the limited property value shall be reduced by an equal percentage.

Applies the proportional reduction requirement to nine appeal processes including reviews by county assessor, county board of equalization, state board of equalization, and various court appeals under sections 42-16051, 42-16105, 42-16157, 42-16201 through 42-16205.01, and 42-16254.

Ensures that property owners who successfully appeal and reduce their full cash value receive corresponding reductions to their limited property value on a percentage-for-percentage basis.