Most Pima homes dip in value or remain flat
Arizona Daily Star
Tucson, Arizona | Published: 03.14.2008
The typical Pima County homeowner saw his property value stay the same or decline slightly, at least for tax purposes, on notices of value sent out last week.
The values are based on market conditions from all of 2006 and the first half of 2007. In much of the county, values were fairly flat; in other areas values went down.
Pima County Assessor Bill Staples said there are some small pockets where values increased, but the increases are in isolated neighborhoods or even clusters of 10 to 15 houses, not spread out throughout the county.
"The majority of Pima County properties were flat to down slightly," Staples said. "The luxury market seems to be holding up well.
"And with residential property, the properties farther away from the central business district saw the bigger decreases," he added. "The older, established neighborhoods are holding value still."
The Pima County Assessor's Office has redesigned its Web site to make it easier for property owners to search comparable properties, which often is the first step in deciding whether to file an appeal.
The older version of the Web site is still available and will be for about the next year, but the new site provides a more accurate list of comparables in terms of the age of the house, building materials and building conditions, as well as a map showing the location of the comparable properties.
The deadline to file an appeal is April 28.
These notices of value will be used to determine tax bills for fall 2009. The tax bills homeowners will receive this fall will be based on the notices of value homeowners received last spring and the tax rates that will be set this summer.
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