The 2020 Notice of Value statements were mailed to property owners in Pinal County on Friday, February 8th, 2019.
A rise in values for 2020 does not automatically mean an increase in property taxes next year. Each taxing authority will set their levy and tax rate next year. If the levy (portion of the budget collected through property taxes) is the same or similar to the year before, then the average tax bill is not changed significantly. If a taxing authority raises their levy substantially, the property tax from that individual authority could rise accordingly.
Property taxes are based on the Limited Property Value (LPV) as a result of Proposition 117. The LPV, in most cases, cannot increase by more than 5 percent per year and cannot exceed the Full Cash Value (market value). The Full Cash Value is still listed for each property but no taxes are based upon this number.
The deadline to file an administrative appeal of the valuation or legal class for the 2020 notices is April 9th, 2019. More information on the appeal process and the required forms can be found on the Assessor’s website at www.pinalcountyaz.gov/assessor or by calling 311 from anywhere in Pinal County.BLOG COMMENTS POWERED BY DISQUS