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Maricopa County Assessor’s OfficeTax Year 2013 Valuation Overview
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Maricopa County Property Types
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FCV %FCV 2013 FCV 2012 Change
VACANT LAND 15,771 17,000 -7.23%SINGLE FAMILY RESIDENTIAL 109,100 118,100 -7.62%CONDOMINIUM 61,000 70,500 -13.48%APARTMENTS 69,600 71,700 -2.93%COMMERCIAL 353,547 402,559 -12.18%MANUFACTURED HOUSING 47,877 49,695 -3.66%
Median Values
All exempt property, new construction, additions alterations or any change in use have been removed from this analysis.
Tax Year 2012 & 2013 ComparisonFull Cash Value Analysis
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Vacant Land
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Vacant Land
44% of the 2009 Sales are REO42% of the 2010 Sales are REO42% of the 2010 Sales are REO
36% of the 2011 Sales are REO
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Residential/Condo
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Residential/Condo
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2007
10,998
2008
42,460
2009
52,866
2010
54,485
2011
46,165
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42,150
52,865 18,941
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Residential/Condo
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Residential
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Condo
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15Commercial
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Commercial
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Commercial
9% of the 2009 Sales are REO9% of the 2009 Sales are REO
20% of the 2010 Sales are REO36% of the 2011 Sales are REO
18Commercial % change by type
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Apartments
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Apartments
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Apartments
71% of the 2009 Sales are REO
44% of the 2010 Sales are REO71% of the 2009 Sales are REO44% of the 2010 Sales are REO40% of the 2011 Sales are REO
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Apartments
21% of the 2009 Sales are REO
34% of the 2010 Sales are REO
31% of the 2011 Sales are REO
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Apartments
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CAMA Model Overview
All remaining property types are valued using the Cost Approach
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Reminders For 2013• Commercial Cost Sub Market Adjustment
– Based on Commercial Market Area and Use Code– Excludes statutorily assessed shopping centers– Excludes exempt government property (9300-9800’s)
– Offices > 10,000 sqft have a separate schedule– Hospitals (Puc 211x, 901x) -35%
– Applied to the improvement value only
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Commercial Market Areas
Market Area Adjustment Commercial type
1 -30% Retail Excluding 1130’s (strip)1 -45% Remaining CM Cost2 -40% Retail Excluding 1130’s (strip)2 -45% Remaining CM Cost3 -30% Retail Excluding 1130’s (strip)3 -45% Remaining CM Cost
4 -30% Retail Excluding 1130’s (strip)
4 -45% Remaining CM Cost5 -40% Retail Excluding 1130’s (strip)5 -45% Remaining CM Cost6 -40% Retail Excluding 1130’s (strip)
6 -45% Remaining CM Cost
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Commercial Market Areas
Market Area Sub Mkt. Adjustment Commercial type
1 -30% Retail Excluding 1130’s (strip)1 -45% Remaining CM Cost2 -40% Retail Excluding 1130’s (strip)2 -45% Remaining CM Cost3 -30% Retail Excluding 1130’s (strip)3 -45% Remaining CM Cost
4 -30% Retail Excluding 1130’s (strip)
4 -45% Remaining CM Cost5 -40% Retail Excluding 1130’s (strip)5 -45% Remaining CM Cost6 -40% Retail Excluding 1130’s (strip)
6 -45% Remaining CM Cost
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Thank-you
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