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1. What is Full Cash Value?

Full Cash Value is a reflection of the market value of a property and consists of land and improvements. Full Cash Value is synonymous to market value.

2. What is Limited Value?

Limited Value is the basis for computing primary taxes for the maintenance and operation of school districts cities, community college districts, counties and the state. The Limited Value is a statutory calculation, mandated by the Arizona State Legislature.

3. How is land determined?

Land values are determined by collecting sales within a range of time in a certain locale. Once the sales are collected, comparisons are made between properties with like size, use and services. By making the comparisons one can form an opinion on the worth of the properties in a given area.

Considerations to be made:

• When did the sales occur? Are time adjustments required to form a better opinion of value?
• If properties are selling considerably above or below the median sales range, an inspection of these sales must be completed in order to determine if sales will be excluded.
• Did sales occur in an area that has a new influence that is driving the price higher or lower, in that case a submarket may be required.
• Properties that have access to utility services or have offsite improvements such as sewer, streets and drainage, and are close in proximity to shopping, schools, parks and highways are determined to carry higher values.

Once a study has been performed and the considerations are made, an opinion of value can be determined. The values then can be applied to like properties in the market area.

4. How do I get agriculture status?

Refer to Chapter 2 of the Department of Revenue Property Tax Division Agricultural Property Manuel.

5. When an Appraiser visits properties, why aren’t property owners notified?

Per ARS 42-11053 the Assessor/Appraiser has the right, by law, to visit property without notification. Appraiser may enter and examine any property in this state to determine its Full Cash Value. 

6. What does “improvement” refer to when I have not done any improvements to my property?

Improvement is the actual structure(s) already in place, that are valued on a yearly basis to keep properties close to current market value, with current building costs.

7. What are yard improvements or site additions?

Yard improvements or site additions consist of concrete, block walls, chain link fence and/or gates, detached garages, storage buildings, pools, spas and guest houses and any other improvements not associated with the main structure.