Phoenix --- Maricopa County Assessor Keith Russell announced today that members of his staff who work in the Tempe satellite office have moved to a new location. The new Tempe office is located at 8240 S. Kyrene Road, Suite 113, Tempe A...
Maricopa County Assessor Opens New Satellite Office In Tempe
Phoenix --- Maricopa County Assessor Keith Russell announced today that members of his staff who work in the Tempe satellite office have moved to a new location. The new Tempe office is located at 8240 S. Kyrene Road, Suite 113, Tempe AZ 85284.
"We are saving the taxpayers of Maricopa County over $300,000 per year by relocating our Tempe office to the old location of the Kyrene Justice Court. I am pleased that we could assist the County with this move, and that there will be such a large cost savings to the taxpayers of Maricopa County, said Russell.
There are 28 full-time employees of the Maricopa County Assessor's Office who work in the Tempe satellite office. It is the responsibility of the Assessor to locate, identify, and appraise at current market value, locally assessable property subject to ad valorem taxes and to process exemptions specified by law.
The Maricopa County Assessor's Office, which has the responsibility of assessing all property located in Maricopa County, and which recently sent out over 1.4 million property notices for the 2008 tax year, has hired Joe Propati to be the new chief ...
Maricopa County Assessor Keith Russell Promotes Experienced Appraiser & Area Managers to Lead Property Unit
The Maricopa County Assessor's Office, which has the responsibility of assessing all property located in Maricopa County, and which recently sent out over 1.4 million property notices for the 2008 tax year, has hired Joe Propati to be the new chief appraiser for the office. "I conducted a thorough, nation-wide search for this position, and realized that the best candidate was one with strong ties to the office," said Maricopa County Assessor Keith Russell. Mr. Russell was elected in 2004 and began serving his first four-year term in January of 2005.
Mr. Propati has been with the Maricopa County Assessor's Office for more than 27 years. He has held numerous management positions within the office, including co-manager of the real property division. He holds an advanced certification as an appraiser from the Arizona Department of Revenue, and has completed training from the IAAO, a nationally recognized organization dedicated to training property appraisers. "I very much look forward to the challenges that lie ahead," said Propati, who added that "it will be an awesome responsibility, but one that is made easier by the quality and dedication of the staff in the Maricopa County Assessor's Office."
As Chief Appraiser of the Maricopa County Assessor's Office, Mr. Propati will be responsible for the capture and valuation of all locally assessed property in Maricopa County.
Shortly after his promotion, Mr. Propati announced new area managers to provide enhanced services to citizens, businesses and local jurisdictions throughout the county. After a thorough interview and candidate consideration process, four individuals with a depth of experience with Maricopa County will serve in new capacities. The new managers are as follows:
Scottsdale
Area Manager: Bill Heath
Tempe
Area Manager: Tim Holland
Mesa
area Manager: Cathe Cuneo
Glendale/Avondale
Area Manager: Armando Chavez
Maricopa County Assessor Keith Russell congratulated the new managers and praised Mr. Propati on the selection for his new management team.
The Arizona Legislature recently enacted HB2784, which, among other things, accelerates the reduction in the assessment ratio for Class 1 (commercial) and Class 6 (free enterpri...
The Arizona Legislature recently enacted HB2784, which, among other things, accelerates the reduction in the assessment ratio for Class 1 (commercial) and Class 6 (free enterprise zones) that was originally passed in 2006. In February of this year, my office sent out the 2008 Notice of Valuation for all property owners in Maricopa County. In all notices to commercial property owners, the assessment ratio for the 2008 property valuations was listed at 23.5 percent. As a result of the Legislature's action, the new assessment ratio for 2008 is 23 percent. While no new notices will be sent out to the public, I have instructed my staff to reflect this recent legislative change on the Assessor's website. If commercial property owners would like further information, please do not hesitate to call my office at 602-506-3877, and a member of my staff will be happy to assist you with your questions.
Maricopa County Assessor releases Tax Year 2008 Property Valuation Notices
Phoenix --- Maricopa County Assessor Keith E. Russell, will be mailing the 2008 Notice of Values on February 9, 2007. The mailing will be to approximately 1.4 million entities which own properties in the County.
The 2008 Notice of Value is the County's official declaration of Full Cash Value and Limited Property Value Assessments. These assessments will be utilized in the calculations of 2008 property tax bill. By state statute this notice must be mailed before March 1st of the year prior to the tax year. The notice includes values for both 2007 and 2008, which allow all property owners to easily recognize any increase or decrease in assessed value from the previous year.
The median value of single family residences has increased from the 2007 Notice to the 2008 Notice. However, this increase is considerably less than the increase from the 2006 Notice to the 2007 Notice for single family residences. The 2007 Notice showed the median home value increase of 51.78 percent from 2006 (single family and condominium). The increase in the median assessed value on the 2008 Notice is 10.96 percent (single family only). Please note that this increase is in the median home value not the average home value. Median home value reflects the point at which 50 percent of the homes are below this value and 50 percent of the homes are above this value. Since most of the new home inventory which has been added in the last few years is well above the previous years median value the increase reflects the addition of new homes in the market place as well as increases in value to the existing home inventory.
Mr. Russell reminds all property owners, that for the 2008 Notice, all changes in their assessment reflect changes in market conditions between the start of the third quarter of 2005 to the end of the second quarter of 2006. This schedule is observed in all 15 counties in Arizona. Much of the increase in the single family market came during the third quarter of 2005.
The Assessors Office recognizes that in a number of submarkets the single family residential market has continued to weaken since the end of the second quarter of 2006. All property owners should review their Full Cash Value and ask themselves the following question; "Can I sell my property for this amount or more?" If the answer is "No" then they should consider filing an appeal. Information on the appeal process is contained on the notice. It should be noted that the Full Cash Value is intended to reflect a value slightly below market value.
Attached is a schedule which details the changes in different property types as well as a breakdown of change for the single family market by city and zip code.
Also included in this year's notice is a message from Keith E. Russell, the Maricopa County Assessor (copy attached), to all property owners and a Prescription Drug Card provided by the National Association of Counties (NACo). This Prescription Drug Card may be used throughout the United States by those who are uninsured, underinsured or whose insurance does not cover a particular prescription drug. The card is being promoted by the Maricopa County Board of Supervisors to help consumers cope with the high price of prescription drugs. The card can offer a substantial savings off the retail price of commonly prescribed drugs. Residents do not have to be Medicare beneficiaries to be eligible for this program.
County residents can call toll free 1-877-321-2652 or visit https://naco.advancerx.com for assistance with the program. Using the NACo prescription discount card is easy. Simply present it at a participating pharmacy. There is no enrollment form, no membership fee and no restrictions or limits on frequency of use. Cardholders and their family members may use the card any time their prescriptions are not covered by insurance.
Recently, a new feature was added to our web site; the Market Overview for residential properties. By entering a parcel number in the Parcel Search fields and using the Market Overview link, ...
Recently, a new feature was added to our web site; the Market Overview for residential properties. By entering a parcel number in the Parcel Search fields and using the Market Overview link, a summary of sales activity used in the residential model, will be displayed for residential parcels. The unit in question will generally be the Maricopa County Recorders Number (MCR) and Subdivision Name. Included in the summary are the building class, the total number of parcels in the unit, the total number of sales in the unit for 2005 and 2006, the range of sales price and the average sales price. Below the market overview is a complete list of all the parcels that were sold in 2005 and 2006 for this unit. The parcel number is a link to a more detailed description of the parcel.