What You Need To Know About Assessed Valuations

Before any of us vote for a secondary property tax to finance a park or anything else, you may want to read this article in the Tucson Citizen. Kudos to Garry Duffy for bringing this issue to our attention.

As Mr Duffy points out: "Residential valuations by county assessors in Arizona lag a year to 18 months behind what homeowners see on tax bills mailed every September."

What this means is this: Although the value of your home probably decreased, the assessed value has not. If Oro Valley institutes a property tax, it will be based on your assessed value. Don't expect that county assessment to be lower, at least for the next year or two.

Click here to read the article.