Home > Blogs > Randy Hooker > Randy Hooker Blogging Arizona Real Estate ~ Greater Phoenix Area

Property Tax Rate Changes in Maricopa County (Greater Phoenix, Arizona)

By Randy Hooker

Real Estate Broker/Owner with Dreamcatcher Realty / Greater Phoenix Area

February 28, 2009 09:05 AM

Arizona's Maricopa County includes Phoenix, Chandler, Gilbert, Mesa, Queen Creek, et al.

Following is a chart, courtesy of the Maricopa County Tax Assessor, that shows a comparison of 2009 vs. 2010 median Full Cash Value (FCV) for each city in the county.

FCV's will not rarely, if ever, line up with current resale market values, but the trends should be comparable.

Here's a simple equation for you to remember: Assessed Value does NOT equal Market Value. So FCV should NEVER be used to try to accurately determine the current market value of any given property.

I posted the chart here so you could take a quick glance at the latest annual change in each city. And we can all go take some Prozac! ;-)

Randy Hooker - Chandler, Gilbert, Mesa, Queen Creek, Arizona Real Estate

Maricopa County Property Taxes - Randy Hooker

Homes in Arizona ~ Homes in Gilbert ~ Homes in Chandler ~ Homes in Mesa ~ Homes in Queen Creek

Comments(5)

Comment

Show All Comments

Sort:

JL Boney, III

Coldwell Banker - Columbia, SC

Columbia, SC Real Estate

Ah taxes, everyones favorite subject. Hope all is going well for you Randy.

Feb 28, 2009 10:27 AM

Randy Hooker

Dreamcatcher Realty / Greater Phoenix Area - Gilbert, AZ

Gilbert, Chandler, Mesa, Queen Creek

I hear ya, JL ~ nothing like some exciting property tax talk to spice up a Saturday evening! LOL I'm actually doing well, my friend. Hope you are too!

Feb 28, 2009 10:31 AM

Johnathan Mullaney

Village Land Shoppe - Flagstaff, AZ

Broker, Flagstaff Real Estate

Randy, Taxes up, up, up, drastically up(catching up with '04,'05) now ours are going down.

Feb 28, 2009 12:46 PM

Thank God, Johnathan, that they're finally coming down! I think it's a crying shame that the county assessor lags behind by 18-24 months (or more), no matter what the market conditions are like. The rub of course is that home values are coming down - tough on sellers / good for buyers.

Feb 28, 2009 02:03 PM

Anonymous

Barbara Ahearn

Hi, so where should land assessed values be in this lagged process? I'm concern to see investment land going up, up - as investors we did the right thing, diversified, so land is part of our total future investment. Any land sales data to show current sales prices would be appreciated. 3S., 1W, south of I-10 in Mobile area. Thank you.

Apr 17, 2009 06:13 AM