Assessment-Appraisal

AssessorDeptID1

Assessment Process:
(A.R.S. 42-13051)
The Graham County Assessor’s Office is responsible for locating, listing and valuing all of the properties under its jurisdiction that are to be listed on the tax rolls. This includes both real and personal property.

Purpose of Appraisals:
The purpose of appraisals generated by the Graham County Assessor’s Office is to estimate the market value for ad valorem tax purposes only.

Market Value:
Market Value is defined as the probable price of a property in terms of money in a competitive and open market, assuming that the buyer and seller are acting prudently and knowledgably, allowing sufficient time for the sale, and assuming that the transaction is not affected by undue pressures.

Analysis of Market Value:
Once market values have been calculated based on information gathered by the property appraisers, the values are analyzed to determine how accurate and equitable they are. The property appraiser does not create market value. The buying and selling of property by the general public establishes the value of property in the real estate marketplace.

Two Types of Property Value: 

  • Limited Property Value
  • Full Cash Value

Proposition 117 was a voter approved initiative passed in the 2012 general election which will take effect for tax year 2015.  Prop 117 limits the increase of the Limited Property Value (LPV) to 5% per year.  Prop 117 also made a change to use the Limited Property Value as the sole value used to calculate all taxes.  While your taxes are based on the Limited Property Value (LPV), you can only appeal the Full Cash Value (FCV) of your property.  This is because the FCV represents market value and LPV is determined by the previous year’s value or by a formula defined in statute..

 

Our staff will be pleased to be of service and assist you in understanding questions regarding the assessment process either over the telephone or in person.

For more information please contact:

Graham County Assessor’s office
921 Thatcher Blvd.
Safford AZ 85546
(928) 428-2828

get_adobe_reader