Loading chat...

AZ HB2814

Bill

Official Source

Status

Introduced

1/21/2026

Primary Sponsor

David Livingston

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - Second Regular Session (2026)

AI Summary

  • Requires agricultural land to be valued using only the income approach without allowance for urban or market influences
  • Bases agricultural land valuation on the capitalized average annual net cash rental from comparable agricultural land over a five-year period
  • Sets the capitalization rate at 1.5 percentage points above the average long-term annual effective interest rate for farm credit services loans over the preceding five years
  • Mandates county assessors to exclude depreciable improvements (structures, fixtures, permanent crops) from agricultural land valuation and assess them separately using standard appraisal methods

Legislative Description

Agricultural land; valuation

Last Action

House read second time

1/22/2026

Committee Referrals

Rules1/21/2026
Ways and Means1/21/2026

Full Bill Text

No bill text available