Assessor Paul D. Petersen

Maricopa County Assessor's Office


Hearing Date

The date of a scheduled appeal hearing for a property assessment appeal.

Heating Type

The primary heat source for the residence.

High-Tech Medical Equipment

Any electronic, electromechanical, or computer-based equipment used in the screening, monitoring, observation, diagnosis, or treatment of patients in a laboratory, medical, or hospital environment.

Highest and Best Use

The reasonable, probable, and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are; legal permissibility, physical possibility, financial feasibility, and maximum profitability. 2) Most profitable use at a specific time, given legal, physical and financial limitations. Also referred to as H&B.

Historical Cost

The original (original purchase) cost of a building, improvement, or personal property, as opposed to current replacement, or reproduction cost.

Homeowners Organization

Typically a nonprofit, incorporated entity owned and controlled by the PUD lot owners. Its purpose is to operate and maintain the common area property. Also known as homeowner's association.