AZ SB1248

Amends the definition of "valuation date" and "valuation year" in section 42-11001 to include improvements on possessory rights alongside real property and property valued by the department.

Modifies section 42-13304 to exclude improvements on possessory rights from the limitations on assessed value, requiring full cash value to be used instead of limited property value.

Changes section 42-19003 to require improvements on unpatented land, mining claims, or state land to be valued "in the same manner as real property" rather than as personal property.

Specifies that improvements on unpatented land are subject to real property delinquent tax procedures under chapter 18, article 3 rather than being subject to seizure or sale as personal property.

Repeals section 42-19116, Arizona Revised Statutes.