FLORENCE, AZ – If you own real estate in Pinal County, watch for your 2014 Notice of Value in the mail this week. The notice is not a tax bill but it does contain important information that will influence how much you pay in property taxes next year. The Full Cash Value (FCV) should reflect the market value of your property as of the beginning of this year.
State law requires the Assessor notify owners annually and they have 60 days to file an administrative appeal (Petition for Review of Valuation) if they believe their property is not valued correctly. Notices of value are mailed out well ahead of the tax statements in order to provide ample time for the appeal process. There is no charge from the Assessor to file this type of appeal.
Arizona statute requires that values for 2014 be determined based on property sales from 2011 and the first half of 2012. Those two years saw a recovery in prices so values may rise for many home owners.
Property owners who have questions or believe their values are not correct are encouraged to contact the Assessor’s Office. The phone number is 520-866-6361.
“Our office spends all year measuring, classifying, and valuing properties. With over 250,000 parcels, we realize there may be information that could be more accurate. We want to hear from homeowners if they find a discrepancy because it is important to have the most precise information possible,” stated Pinal Assessor Douglas J. Wolf.
Mr. Wolf added, “You can find out more about the appeal process on our website. We also encourage homeowners to go online and do a parcel search of their own property. Verify the information and let us know if anything is not correct.” You can access the Assessor’s site at www.PinalCountyAZ.gov/Assessor.
The County Treasurer will start sending out tax bills based on the 2014 values in September of next year. By that time, the appeal deadlines will have passed so now is the time to check your values.