Assessor Paul D. Petersen

Maricopa County Assessor's Office

News for 2008

Residential Rental Property Fee To Start

Phoenix --- Effective February 1, 2009, there will be a $10.00 fee for all newly registered rental property and for any changes to the registry for existing registrations. Taxpayers will be able to pay the fee at any of the Maricopa County Assessor Office's.

The Maricopa County Board of Supervisors voted, in early 2008, to adopt A.R.S 33-1902(I) as policy. This allows the Maricopa County Assessor's office to collect a registration fee for residential property that is registered with the County as rental property.

Property owners who wish to submit the Registration of Arizona Residential Property form using the Assessor website may do so with the following link:

Residential Property Form

Taxpayers can direct any inquiries to the Maricopa County Assessor, Rental Registration Unit by calling (602) 506-3406 or (602) 372-0717. The Maricopa County Assessor has five offices located at:

Avondale Office 125 S Avondale Blvd #100 Avondale, Arizona 85323 Scottsdale Office 15023 N 75th St Scottsdale, Arizona 85260
Downtown Office 301 W Jefferson Phoenix, Arizona 85003 Sun City Office 10195 W Coggins Dr Sun City, Arizona 85351
Glendale Office 16700 N 51st Ave Bldg F-1 Glendale Arizona 85306 Tempe/Chandler Office 8240 S Kyrene Rd #113 Tempe, Arizona 85284

View the press release (PDF).

County Assessor Russell's 2009 Notice of Change Note

Dear Property Owner:

Enclosed with this message is your 2009 Notice of Change in Property Valuation. You are receiving this notice because there has been a change in, or a change to, your property. A.R.S. § 42-15105 requires that you be notified that we are changing the valuation to your property, because some type of change has occurred.

Over the past few years, the real estate market has been a volatile one. The precipitous drop in the number of Notices of Change that this office is sending out this year aptly illustrates this point. For example, my office sent out 99,025 Notices of Change for tax year 2007, but for the 2009 tax year we are sending out only 55,580; a 42% drop in just two years.

Further illustrating this point is the decline we are seeing in residential building permits. In 2005, 43,256 residential building permits were issued; that number declined to 21,882 last year. Furthermore, only 6,720 residential building permits have been issued through the second quarter of this year.

We at the Maricopa County Assessor's office have tried to be responsive to the volatility and change present in this real estate market. We reduced the Full Cash Value of more than 900,000 single family homes in tax year 2009, and we will likely further reduce most of the homes in the County for tax year 2010.

Thank you for this opportunity to serve you,

Keith E. Russell, MAI
Maricopa County Assessor


View the press release (PDF).

2008 Personal Property Notice Of Valuation

Dear Personal Property Owner:

Enclosed please find your 2008 Notice of Value for Personal Property. Review it carefully to ensure that my office has correctly valued your property.

Each year we continue to have more businesses use our E-Filing option for personal property. If you have not utilized this option, please let me recommend it to you. E-filing is a simple and easy procedure to submit your Personal Property data to the Assessor's office. However, E-Filing does not apply to Personal Property accounts for Improvements on Possessory Rights (IPR).

You may be unaware of some aspects of the Personal Property assessment process in Maricopa County and Arizona that may affect your Full Cash Value. I would like to take this time to share this information with you.

  • Business Personal Property Exemption: For qualifying Legal Class One and Class Two (P) property, the full cash exempt amount increased from $61,142 in 2007 to $63,242 in 2008.
  • Assessment Ratio for Legal Class One, Legal Class 6.4 (secondary) and Legal Class 7 (B) Personal Property: The assessment ratio decreased from 24% last year to 23% this year.

My staff and I have worked diligently to provide you with a fair assessment of your property under the law for tax year 2008. Below you will find statistics on where your property tax dollars go, a comparison of Personal Property assessed value for tax years 2006 and 2007, and the level of key activities within the Assessor's office.

If you have questions about your personal property assessment, or E-filing, please call 602-506-3406 or 602-506-3386. For general questions about your property tax bill, please visit the Treasurer's Website at www.treasurer.maricopa.gov or call 602-506-8511.

Thank you for this opportunity to serve you,

Keith E. Russell, MAI
Maricopa County Assessor


View the press release (PDF).

Press Release - Assessor Keith Russell Announces New Web Site Services

Assessor Keith Russell Announces New Website Services

Effective Tuesday, July 15, 2008, the Maricopa County Assessor's Website will be updated to include Mobile Home information for our taxpayers.

New services will include the ability to search manufactured housing property assessment records, a calendar of important events, answer frequently asked questions; provide Personal Property forms and general information including important internet links relating to manufactured housing.

Citizens will have to ability to search for information three different ways; personal property roll/account number, owner name and/or by property location.

"It has been our mission to reach out to all the taxpayers of Maricopa County since I took office in 2004," said Russell. "Residents who own mobile homes will now have more information at their disposal when they visit our website."

The Website Enhancement Project Team has worked diligently to provide tools for the public to search manufactured housing information and improve services provided to the citizens of Maricopa County.

Contact: Paul Petersen
Tel: 602-372-0570
Cell: 480-244-7267
Email: petersenp@mail.maricopa.gov

View the 2008 Personal Property Notice of Valuation press release (PDF).

2008 Mobile Unit Notice of Valuation

Dear Property Owner:

Enclosed please find your mobile unit Notice of Value for 2008. The valuation method used to value your mobile unit is based upon the original factory list price which is then adjusted to a current market value using a mobile unit valuation factor. Valuation factors, which are provided to us annually by the Arizona Department of Revenue (ADOR), are applied to your factory list price based upon the type and age of the mobile unit. Market value is an estimated cost to replace your unit less normal depreciation. All other "improvements" are valued using the cost method, adjusted for depreciation and added to the value of the mobile unit. Typical "improvements" include such things as awnings, sheds, decks, and enclosed porches.

My office is committed to providing you with as much information as possible. Accordingly, we provide information to the public in a variety of ways, including, this insert, which we enclose with all valuation notices, and our web site, which contains a variety of assessment information and parcel maps (www.maricopa.gov/assessor). In early summer of 2008 our web site will be updated to include information specific to manufactured residential and commercial personal property.

The staff and I have worked diligently to provide you with a fair assessment of your property under the law for tax year 2008. In the chart below are a few statistics about the scope of our job and the resources allocated to it.

If you have questions about your property assessment, Please call 602-506-3406. Should you have general questions about your property tax bill, please visit the Treasurer's web site at www.treasurer.maricopa.gov or call 602-506-8511.

Thank you for this opportunity to serve you,

Keith E. Russell, MAI
Maricopa County Assessor


View the 2008 Mobile Unit Notice of Valuation (PDF).

2009 Supplemental Notice of Valuation - February 15, 22, and 29, 2008

2009 Supplemental Notice of Valuation

Supplemental notices were mailed by the Assessor's Office for the 2009 Notice of Valuation. This is an on-going process within the office to ensure all of our information is fair and accurate. Arizona Revised Statute 42-15101 requires all Notice of Valuations to be mailed before March 1st and provides the property owner 60 days to file an appeal based on the Notice date. As a result, the appeal deadlines have been adjusted accordingly.

Notice Date February 15, 2008 - Appeal Deadline April 15, 2008

Parcel List (PDF)

Notice Date February 22, 2008 - Appeal Deadline April 22, 2008

Parcel List (PDF)

Notice Date February 29, 2008 - Appeal Deadline April 29, 2008

Parcel List (PDF)

2009 Property Valuation - Press Release

Assessor Keith Russell announces single-family residence values decline nearly 13 percent overall

Approximately 94 percent of all valley home-owners will see a decrease in their 2009 FCV assessment from their 2008 FCV assessment

Phoenix --- Maricopa County Assessor Keith Russell will send out nearly 1.5 million assessments to anyone who owns real property in the county on February 15, 2008. For the first time in many years, the County Assessor's office will report a decline in the median Full Cash Value (FCV) for single-family residences. The 2009 median FCV for a single-family residence in Maricopa County is $199,800, down from $229,500 in 2008.

"The slide in residential home values that we have seen over the past year or two is now being reflected in the notices all property owners will receive in February" said Russell. "The market time period reflected in the 2009 Notice of Value was mid 2006 through the fall of 2007" said Russell, adding that "this [time period] was when the market sales for single-family residences began to show marked declines."

Other types of property in Maricopa County, such as commercial property, vacant land, etc., have not been impacted materially by the troubles in single-family homes. "Market data for these other types of properties have shown strength," said Russell.

Despite the general decrease most homeowners will see in their 2009 FCV, the Maricopa County Assessor's Office would like to remind them not to be confused by a simultaneous increase in the reported Limited Property Value (LPV) on their 2009 Notice. There are two types of values listed on the 2009 Notice. The FCV, which is based slightly below market conditions, is decreasing, but the LPV, which is calculated according to a formula devised by the Arizona Legislature, is not. In fact, the LPV has lagged far behind the FCV in recent years, as it is intended to do when the market shows dramatic valuation increases like it has in the recent past. Property owners should note that the LPV will always attempt to "catch-up" to the FCV, but it can never be greater than the FCV.

Assessor Russell reminds all property owners to review their FCV and ask themselves the following question; "Can I sell my property for this amount?" If the answer is "No" then they should consider filing an appeal. Information on the appeal process is contained on the notice.

Attached is a schedule which details the changes in different property types as well as Break down of change for the single family market by city and zip code.

2009 Single Family Residential by City (PDF)

2009 Single Family Residential by Zip (PDF)

County Assessor Russell's 2009 Notice of Value Note (PDF)


View the 2009 Property Valuation press release (PDF).