Property with conservation restrictions or easements allowed valuation reductions, and technical corrections made.

This bill allows property tax reductions for landowners who have conservation easements or restrictions recorded on their property, provided the land is used as intended for conservation. It directly affects property owners in non-metropolitan counties who hold qualifying conservation agreements. The key change amends tax law to permit assessors to lower property values for these lands, but excludes riparian buffers, certain county farmland programs, and properties in metropolitan counties. The rule takes effect for 2026 property tax assessments.