How is my property valued?

The Assessor is mandated by Arizona State Statutes to value property at its Full Cash (market) Value. There are three methods of appraising value:
Sales Comparison (also known as Market) – This method compares your property to other similar properties that have recently sold, and is used mostly for homes and land. The 2018 values are based on sales and market conditions that occurred 18 months ago, beginning in January 2015.
Replacement Cost (less depreciation) – This method is based on how much it would cost, at today’s material and labor prices, to replace your property with a similar structure. This calculation is used primarily for commercial buildings, homes that are not typical, or homes located in a remote area.
Income (commercial property) – This method is based on the income potential of a commercial property. Using operating income and expense data provided by the property owner, the value is determined by capitalizing the potential net income.

Show All Answers

1. What is a tax lien?
2. Where can I find more information about tax liens and certificate auctions?
3. How does the tax sale auction work?
4. How do I notify the Treasurer's office if my address changes?
5. May I pay my property taxes with my credit card?
6. If I don't receive my tax notice, what should I do?
7. If I think my taxes are too high, what should I do?
8. If I wish to mail my payment, how can I be sure that it gets in on time?
9. What are the Treasurer's office hours?
10. Why did I get a tax notice when my mortgage company should pay the taxes?
11. What is Limited Property Value?
12. What is Full Cash Value?
13. If I disagree with my Value, how do I appeal?
14. What is Real Property?
15. What is Legal Class?
16. What is Primary Assessed Value?
17. What is State Aid to Education?
18. How is my property valued?
19. How is my property taxed?
20. If I think my taxes are too high, who do I call?
21. Where do my property tax dollars go?