It’s time for AZ tax appeal season

By Staff Reporter | Rose Law Group Reporter

If you own property in Arizona, you probably recently received the county assessor’s 2022 tax year notices of value. If you did not, you should any day. Property owners have 60 days from the date the notices were mailed to file an administrative appeal of the valuation of the property. The clock is ticking.

Typically, there are three grounds for challenging the full cash value of the property. Property owners may have grounds for appeal:

1) Market Approach – If the recent non-distressed market purchase price of your property (or surrounding properties) and/or recent appraisal value varies drastically from the valuation in your notice;

2) Income Approach – If your property produces income, and the valuation of the property does not reflect the true amount of revenue or income generated by the property; or

3) Reconstruction Approach – If it would cost less to rebuild a significantly similar structure on your property than the valuation of the property as stated in your notice.

An appeal would be even stronger if two or more of these factors exist.

It is always imperative to ensure the assessor’s office has properly classified the property (i.e., vacant, residential, agricultural, mixed use). An improper classification could possibly raise your tax bill.

If you believe your property has been overvalued for tax year 2022, contact Dan Gauthier at (480) 240-5585 or dan@roselawgroup.com.

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