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Explore the valuation overview of Maricopa County property types for Tax Year 2012. Understand median FCV changes from 2008 to 2012 across residential, commercial, apartments, and vacant lands. This report covers REO sales percentages and CAMA model overview. Important reminders for valuation in 2012 are highlighted.
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Maricopa County Assessor’s OfficeTax Year 2012 Valuation Overview
Median FCV Change Tax Year 2008 - 2012
Vacant Land 44% of the 2009 Sales are REO 42% of the 2010 Sales are REO
2009 2010 2008 18,941 54,273 52,806 52,865 42,460 42,150 2007 10,998
Commercial 9% of the 2009 Sales are REO 9% of the 2009 Sales are REO 20% of the 2010 Sales are REO
Apartments 71% of the 2009 Sales are REO 71% of the 2009 Sales are REO 44% of the 2010 Sales are REO 44% of the 2010 Sales are REO
Apartments 21% of the 2009 Sales are REO 34% of the 2010 Sales are REO
CAMA Model Overview All remaining property types are valued using the Cost Approach
Reminders For 2012 • 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 • Applied to the improvement value only