2027 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].

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

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.

Fiscal Year 2025 Annual Report Now Available

The Maricopa County Assessor’s Office is proud to announce the release of our Fiscal Year 2025 Annual Report.

This year’s report highlights our continued commitment to transparency, innovation, and service to the residents of Maricopa County. It details key achievements from the past year — including expanded digital access, improved customer experience, streamlined operations, and major legislative accomplishments — all while remaining nearly $500,000 under budget.

The report also celebrates our recognition as a 2025 Arizona Top Workplace, a National Association of Counties Achievement Award recipient, and winner of the Arizona Association of Counties Summit Award for Employment and Training.

The FY2025 Annual Report offers a comprehensive look at how our office works to ensure fair and equitable property valuations, advocate for common-sense policies, and deliver best-in-class service to Maricopa County residents.

National Association of Counties Supports Proposal for Federal Data

PHILADELPHIA, Penn. (July 15, 2025) - Assessor Eddie Cook is pleased to announce a resolution he co-sponsored was accepted by the National Association of Counties (NACo) Board of Directors. The policy, co-sponsored with Cook County Assessor Fritz Kaegi, requests that large counties gain access to federal housing data.

At the Annual Conference Business Meeting, Assessor Cook spoke to NACo members and the Board of Directors who chose to support the policy and called for the release of property characteristics data from the Federal Housing Finance Agency (FHFA).

Gathering this dataset of millions of property appraisals, without incurring any extra cost, would improve assessment accuracy and create a fairer and more equitable property tax system. NACo will now advocate for this policy at the federal level in the coming year.

Arizona Legislative Session Concludes with Key Wins for County Assessors

PHOENIX, Ariz. (July 2, 2025) – With the conclusion of the 2025 Arizona Legislative Session, the Maricopa County Assessor’s Office is pleased to share the successful passage of four bills that impact property tax administration and improve transparency and consistency in valuation practices.

“We’re proud to work with lawmakers and state partners to advance policy that strengthens how property is valued and ensures fair treatment for all taxpayers,” said Maricopa County Assessor Eddie Cook. “These new laws will help Arizona residents better understand their assessments and provide assessors with clearer tools and standards to do the job right.”

The following Senate Bills (SB) were endorsed by Assessor Cook and the Arizona Association of Counties (AACo), signed into law by Governor Katie Hobbs, and will take effect later this year:

Maricopa County Assessor's Office Named Top Workplace for 2025

June 30, 2025 – We are thrilled to announce that the Maricopa County Assessor’s Office has been awarded several Arizona Top Workplace honors for 2025.

Our office was one of only 158 organizations named a Top Workplace at Thursday’s event hosted by AZ Central.

On top of the Top Workplace 2025 Award, the Maricopa County Assessor’s Office won two Top Workplace Culture Excellence Awards for Work-Life Flexibility and Purpose & Values.

These awards were based on employee feedback gathered through a research-backed, third-party survey administered by Energage. The confidential survey uniquely measures the employee experience and its component themes, including employees feeling Respected and Supported, Enabled to Grow, and Empowered to Execute, to name a few.

According to Energage, our office was recognized for not only being a people-first organization but for excelling in these specific areas of workplace culture:

Work-Life Flexibility - This award celebrates the Maricopa County Assessor’s Office for providing options to our employees in how and where they work, as well as having managers who care about their concerns.

Purpose & Values - The Maricopa County Assessor’s Office was commended for embedding our mission and values into our culture and are efficient in our work to bring it into reality.

“When our office was named a Top Workplace for the first time in 2023, we were so excited for the recognition, but I was more looking forward to the input and insight gathered from our team during the process,” said Maricopa County Assessor Eddie Cook. “We spent the last year and a half focusing on the areas of improvement highlighted during that survey. To win the two Culture Excellence Awards in addition to the Top Workplace Award again for 2025 is truly a reflection of this team’s dedication to each other and our community.”

Over 1.7 Million Notices of Value Sent

MARICOPA COUNTY, Ariz. (Feb. 20, 2025) - The Maricopa County Assessor's Office is sending Notices of Value to more than 1.7 million property owners this week, about 14 thousand more than last year. These Notices are for real property for the 2026 tax year as Arizona property values are set a year ahead to allow for an extensive appeal process.

Each Notice contains two values, the Full Cash Value (FCV) and the Limited Property Value (LPV). FCV is comparable to market value while LPV is used for property tax purposes.

The median FCV of all six real property types saw an increase, signaling an upward trend in property values has re-emerged after most experienced a decrease last year. Commercial property saw the largest median FCV increase at 7.9%. In contrast, condominiums had the lowest median FCV increase at just 0.7%.

The median LPV of all property types also rose; most saw the standard increase of 5%. This is because of 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 how it is used, the LPV can increase by up to 5% but never surpass the FCV.

“I am so proud that our team assesses every parcel and property with fairness, equity, transparency, and efficiency,” said Assessor Eddie Cook. “We make it a daily priority to provide best-in-class service, and I am so grateful for my team and all the efforts they make to best serve the residents of Maricopa County.”

Property owners have sixty days after the mailing date printed on their Notice to file an administrative appeal with the Assessor’s Office if they believe their property has been improperly valued or classified.

The Maricopa County Assessor's Office encourages property owners to review their Notices of Value and reach out with any questions or concerns. Online resources are available to assist property owners in understanding the valuation process and the factors influencing their property values, including a brand-new educational video for the 2026 Notice of Value and a list of FAQs.

They can also contact our office by calling 602-506-3406 or emailing [email protected].

Maricopa County Assessor's Office Receives Summit Award for Innovative Training and Development Program

MESA, Ariz. (Dec. 13, 2024) – The Maricopa County Assessor’s Office has been recognized by the Arizona Association of Counties (AACo) with a 2024 Summit Award for its dynamic training program and Team Development and Collaboration initiative.

The prestigious Summit Award in Employment & Training highlights exceptional efforts in workforce development and innovation, and the Assessor’s Office stood out for its commitment to empowering its team. The Team Development & Collaboration initiative was implemented as part of the office’s Strategic Plan in 2021 to address skill gaps, foster professional growth, and enhance overall employee satisfaction.

Since its launch, it has achieved a remarkable 290% increase in employee training hours and contributed to significantly improved employee retention and promotion rates.

“We are deeply honored to receive the Summit Award,” said Eddie Cook, Maricopa County Assessor. “Our employees are the backbone of our office, and this initiative was designed with their success and professional development in mind. The results have been incredible, and this recognition affirms our commitment to investing in our team.”

Another initiative established in the Strategic Plan was the Digital First initiative, which centered around the deployment of a new mass appraisal system, AA-GAMA. With the rollout of AA-GAMA, our training team tailored courses and sessions dedicated to learning the new system. This robust and thorough training curriculum was another component of AACo selecting the Maricopa County Assessor’s Office for the 2024 Summit Award.

The Maricopa County Assessor’s Office serves one of the nation’s largest counties, with a mission to provide accurate and transparent property assessments while delivering exceptional service to the community. This award reinforces the office’s dedication to operational excellence and its role as a leader in local government.