The Pima County Assessor’s Office is mailing more than 400,000 property valuation notices today, with the vast majority of property owners no longer seeing a steady drop in their home’s value.
Among 22 different residential economic districts, the biggest slide in home values was in Ajo, at 4 percent, with the biggest increase, at 12 percent, in the central business district. Thirteen of the 22 districts saw home values hold steady at last year’s levels.
The valuation notice gives property owners an opportunity to compare last year’s value to this year’s. The figures are derived largely from sales in 2012.
If you feel that your valuation is wrong, the deadline to file an appeal is April 1. It is always helpful to make sure the property characteristics on file are factually correct and that you are comparing recent sales of properties with similar square footage and amenities.
The 13 districts with flat property valuations include: Marana-Avra Valley, Tortolita Foothills, Oro Valley-Catalina, North East, Far East, North Central, Flowing Wells, South Tucson Mountain Foothills, University, South Central, Near East, South Tucson- Airport and Vail.
Average home values in the remaining areas:
- Southern-AvraValley: +5 %
- Near Northwest: +2 %
- Catalina Foothills: +3%
- NorthTucsonMountainFoothills: +4%
- Midvale-DrexelHeights: -1%
- GreenValley-AltarValley: -1%
- Santa Rita Foothills: +2%
- Central business: +12%
- Ajo: -4%
To see a map of the districts, please visit http://www.asr.pima.gov/pdf/2014_Residentail_EcoDist_Stats.pdf
Otherwise, for more information, please visit www.asr.pima.gov and click “appeals process” or call 724-8172 if you have questions.