Property valuations go up for most Tucson-area homeowners

TucsonBy Joe Ferguson | Arizona Daily Star

New property-valuation notices that began appearing in area mailboxes last week are another sign that the local housing market is beginning to regain its value.

A majority of homeowners will find that the value of their homes has increased from last year, some seeing double-digit increases. The values are derived largely from sales in 2013.

Only a single residential economic district of the 22 tracked by the Pima County Assessor’s Office — the town of Ajo — saw a slight drop in its median valuation. Home values in that area dropped by 3 percent.

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