AZ SB1095

Golf course owners must record a deed restriction with the county recorder and file a copy with the county assessor restricting the property to golf course use for at least ten years to receive preferential valuation.

Deed restrictions must be refiled as necessary, including when property is split or combined, to maintain continuous ten-year coverage.

Golf course owners must notify the county assessor within thirty days if any part of the property is converted to a different use, either in person, electronically, or by certified mail.

If property is converted to a different use in violation of the covenant, the assessor shall assess a penalty equal to the difference between what property taxes would have been without the golf course valuation and what was actually paid over the preceding ten years or applicable period.

County assessors must maintain records of golf course valuations for at least ten years to calculate penalties if the property is converted to a different use.