conservation easements; valuation

SB 1549 amends Arizona law to standardize how conservation easement values are determined for property tax purposes. It requires county assessors to use standard appraisal practices (not arbitrary methods) when calculating the full cash value of conservation easements, unless a specific statutory formula applies. This directly affects property owners who hold conservation easements, the holders of those easements, and county assessors responsible for property valuations. The law clarifies that valuation must follow established appraisal techniques to ensure consistent and objective property tax assessments.