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Property Tax
Step 1
Full Cash Value times Assessment Ratio equals Assessed Value
Step 2
Assessed Value times the Rate/100 equals Tax Levy
About the Chart
Below is a chart showing examples of the difference between a residential and commercial property starting with the same Full Cash Value. The chart further shows the tax levy for the last three years:
Residential Property
Year | Full Cash Value |
Assessment Ratio |
Assessed Value |
Rate / 100 |
Tax Levy |
---|---|---|---|---|---|
2012 | $100,000 | 10.0% | $10,000 | 0.4083 | $40.83 |
2013 | $100,000 | 10.0% | $10,000 | 0.4244 | $42.44 |
2014 | $100,000 | 10.0% | $10,000 | 0.5270 | $52.70 |
Commercial Property
Year | Full Cash Value |
Assessment Ratio |
Assessed Value |
Rate / 100 |
Tax Levy |
---|---|---|---|---|---|
2012 | $100,000 | 20.0% | $20,000 | 0.4083 | $81.66 |
2013 | $100,000 | 19.5% | $19,500 | 0.4244 | $82.76 |
2014 | $100,000 | 19.0% | $19,000 | 0.5270 | $100.13 |
Cash Value & Assessment Ratio
Both the Full Cash Value and the Assessment Ratio are determined by the Maricopa County Treasurers Office. For further information on determining those values please call (602) 506-8511.
Additional information on your property tax statement can be found online.
Both the Full Cash Value and the Assessment Ratio are determined by the Maricopa County Treasurers Office. For further information on determining those values please call (602) 506-8511.
Additional information on your property tax statement can be found online.