News
Tax Appeal opportunity on all your property in few weeks
All – we wanted to remind you that you will soon be receiving Notices of Valuation for tax year 2011 from your County Assessor and that it is extremely important to thoroughly review the proposed valuations to determine whether your property is correctly valued. We have been advised that Maricopa County will be sending their Notices on or before February 15, 2010 and that Pinal County will send theirs on or before the statutory deadline of March 1, 2010.
As your real property taxes are a significant expense, particularly in this economy, it is essential that the Assessor’s values represent the true fair market value of your property. Because of the dramatic decline of our market, it is now inappropriate for the Assessor to use comparable sales from higher market conditions in preceding years to value your property. As a general rule of thumb, if you do not believe that you could have sold your property as of the tax valuation date of January 1, 2010 for the Assessor’s proposed Full Cash Value (or “FCV” on your Notice), you should likely pursue an administrative appeal of the valuation to the Assessor.
The appeal deadline for appealing valuations is limited – 60 days from receipt of the Notice of Valuation (an appeal deadline should also be directly listed on your Notice). If you miss this deadline, your ability to pursue an administrative appeal to your Assessor is waived.
Again, please carefully watch for your Notice and adequately inspect it upon receipt. If you do not believe that your property is worth the amount of FCV listed on your notice, the tax professionals at Rose Law Group are available to assist you in determining whether to pursue an appeal by performing a complimentary analysis of your valuations. If this is something you are interested in, please call or email Marette Miller at 480-240-5645 or mmiller@roselawgroup.com with your parcel number(s), name, phone number and email address as well as your Notice promptly after you receive it. Thanks!
