Notice of Value
In February of each year the Yavapai County Assessor will mail out nearly 162,000 Notices of Value for the following tax year. These values have an effective valuation date of January 1 of the current calendar year and will be used to calculate the subsequent years tax bill.
The Notice of Value is the County’s official declaration of Full Cash Value and Limited Property Value Assessments. Please note that only the Limited Property Value is used to calculate your property tax bill. By state statute, the Notice of Value must be mailed before March 1 of the year prior to the tax year. The Notice includes values for both the current year and subsequent tax year, which allow property owners to easily recognize any increase or decrease in assessed value from the previous year.
Any increase or decrease in the value to your property would reflect either market condition changes and/or additions/deletions to the improvement located on the property. Please note the change in value is based on the median (middle) home value and not the mean (average) home value. Median home values reflect the point at which 50% of the homes are below and 50% are above this value.
All property owners should review their Full Cash Value. If you believe it is at or above “Market Value”, or what you could sell for in today’s market, then consider filing an appeal. Information on the appeal process is contained on the Notice. The Full Cash Value is intended to reflect a value slightly below “Market Value” and only the Full Cash Value can be appealed.