News
2027 Notices of Value Mailed to Nearly 1.75 Million Property Owners
February 19, 2026
The Maricopa County Assessor’s Office is delivering Notices of Value to nearly 1.75 million property owners this week, about 12,000 more than last year. Values for real property, or parcels, are established a year in advance in Arizo...
Read more2027 Notices of Value Mailed to Nearly 1.75 Million Property Owners
The Maricopa County Assessor’s Office is delivering Notices of Value to nearly 1.75 million property owners this week, about 12,000 more than last year. Values for real property, or parcels, are established a year in advance in Arizona, so these Notices will apply to the 2027 tax year.
The Assessor’s Office determines two values every year for each property – Full Cash Value and Limited Property Value.
Full Cash Value (FCV) reflects market conditions and can change by any amount annually. Due to recent shifts in the real estate market, the median FCV decreased for three property types, while three experienced increases.
The three property types seeing dips in median FCVs are Single Family Residential (-1.9%), Condominiums (-3.5%), and Apartments (-8.9%). Meanwhile, Manufactured Housing, Commercial, and Vacant Land have median FCV increases of 2.7%, 4.1%, and 5.2%, respectively.
The total FCV of all real property in Maricopa County for tax year 2027 is more than $1.14 trillion.
“We know a person’s home, business, or land is often their most treasured asset, so Notices of Value can raise important questions for property owners,” said Maricopa County Assessor Eddie Cook. “That is even more likely with this Notice, as some property types saw modest decreases and others experienced increases. Our team works year-round to ensure property values are accurate, consistent, based on verified market data, and comply with Arizona law.”
The other key number listed on the Notice is Limited Property Value (LPV), which is used to calculate property taxes. The median LPV of all property types continued to rise due to Proposition 117.
Since going into effect in 2015, voter-approved Proposition 117 has governed how LPV is calculated. If there are no significant changes to the property or its use, the LPV can increase by up to 5% but never exceed the FCV.
“Although market values may fluctuate, Arizona’s Proposition 117 continues to provide important protections for property owners by limiting how much taxable value can increase each year,” said Assessor Cook. “That safeguard remains a key part of ensuring stability and predictability in the property tax system.”
If a property owner believes their property has received an improper FCV or legal classification, they have 60 days after the mailing date to file an administrative appeal with the Assessor’s Office. LPV cannot be appealed.
“I encourage every property owner to review their Notice carefully and reach out to our office if they need assistance — we are here to help,” said Assessor Cook.
The Maricopa County Assessor's Office website offers resources such as FAQs and educational videos to help property owners better understand the valuation process and the factors that influence property values. For additional questions or concerns, contact the Assessor’s Office at 602-506-3406 or [email protected].
| FCV 2026 | FCV 2027 |
FCV % Change |
LPV 2026 | LPV 2027 |
LPV % Change |
|
|---|---|---|---|---|---|---|
| Vacant Land | 82,300 | 86,600 | 5.2% | 19,756 | 20,365 | 3.1% |
|
Single Family Residential |
408,100 | 400,500 | -1.9% | 225,596 | 236,875 | 5% |
| Condominium | 271,500 | 262,000 | -3.5% | 128,208 | 134,619 | 5% |
| Apartment | 613,100 | 558,700 | -8.9% | 159,157 | 167,115 | 5% |
| Commercial | 1,088,129 | 1,132,201 | 4.1% | 575,926 | 604,547 | 5% |
|
Manufactured Housing |
119,018 | 122,245 | 2.7% | 75,085 | 78,747 | 4.9% |
All exempt property, new construction, additions, deletions, alterations, or any change in use have been removed from this analysis.
Business Personal Property Statement Mailed with Updated Exemption Amount
January 9, 2026
The Business Personal Property Statutory Exemption is increasing to $500,000 in Tax Year 2026 for qualifying Class 1 and Class 2 Personal Property types.
If the Business Personal Property (BPP) h...
Business Personal Property Statement Mailed with Updated Exemption Amount
The Business Personal Property Statutory Exemption is increasing to $500,000 in Tax Year 2026 for qualifying Class 1 and Class 2 Personal Property types.
If the Business Personal Property (BPP) had a Full Cash Value (FCV) below the $500,000 threshold as of Dec. 31, 2025, and assets have not been acquired that result in a FCV above the statutory exemption, the BPP owner may not need to file an Arizona Business Personal Property Statement (AZDOR 82520 form).
If the FCV for 2025 was over $500,000, or if under $500,000 but assets acquired since caused the value to exceed the exemption amount, BPP owners should e-file their 2026 BPP Statement.
We mailed the BPP Statement (AZDOR 82520 form) to all businesses in Maricopa County on Friday, Jan. 9, 2026.
The deadline to file the BPP Statement is Wednesday, April 1, 2026.
If you have any questions or need assistance, please contact the Maricopa County Assessor’s Office Business Personal Property Unit at 602-506-3386 or [email protected].
Property Tax Exemption for 100% Service-Connected Disabled Veterans
January 5, 2026
Arizona veterans with a 100% service-connected disability rating may be exempt from property taxes on their home if they meet the requirements. This change went into effect on Jan. 1, 2026, after legislation amended the already existing Personal Exemption ...
Read moreProperty Tax Exemption for 100% Service-Connected Disabled Veterans
Arizona veterans with a 100% service-connected disability rating may be exempt from property taxes on their home if they meet the requirements. This change went into effect on Jan. 1, 2026, after legislation amended the already existing Personal Exemption program.
To be eligible for the full exemption, the individual must be honorably discharged and have a 100% service-connected disability rating shown on their VA Benefits letter. It is not based on the compensation payment level. Additionally, they must meet the residency and income requirements that apply to all Personal Exemption applicants.
Subsequently, the newly implemented legislation also clarifies that payments from veteran pensions and veteran disability pensions should be excluded from the income sources when determining eligibility for the Personal Exemption and eliminates the assessed property value limitation for veterans. (The property value limitation still applies for other Personal Exemption applicant groups.)
This full exemption may be applied only to the qualified veteran’s Primary Residence.
The exemption may be continued by the surviving spouse of a veteran with an honorable discharge and 100% service-connected disability if the property was granted and is currently receiving the exemption under the veteran, and the home remains the surviving spouse’s Primary Residence, and the spouse does not remarry.
Qualified veterans must apply for the Personal Exemption program with the County Assessor and be approved. Applications are due by Feb. 28 or by Sept. 1, with an approved Exemption Deadline Waiver.
For more information on the Personal Exemption program, click here.