property tax; definitions

SB 1764 amends Arizona's property tax code by adding precise definitions to clarify key terms used in property valuation and taxation. It specifically defines "current use" to exclude temporary or nominal activities, and clarifies "full cash value" and "market value" as the basis for property tax assessments. The bill directly affects property tax administrators, assessors, and taxpayers by standardizing how property is valued and categorized under Arizona law. This is a procedural clarification, not a policy change, ensuring consistent application of existing tax rules.