Arizona property tax appeals

In Arizona, the county assessor gives your home two values each year: a full cash value, which is roughly market value, and a limited property value, which by law can rise only a small amount a year. Your property tax is calculated on the limited property value, so it usually will not drop even if you win a lower full cash value. You appeal the full cash value or your property classification to the county assessor within 60 days of the date your notice of valuation was mailed, and then to the State Board of Equalization or tax court. An appeal helps most when your full cash value is clearly too high or your property is misclassified. It often will not lower your bill, because your tax follows the capped limited value, not the market value. This is general information, not tax advice.