ASSESSOR Paul D Petersen Maricopa County Assessors Office

ASSESSOR Paul D. Petersen Maricopa County Assessor’s Office Tax Year 2017 Valuation Overview

Maricopa County Property Types ASSESSOR Paul D. Petersen 2

ASSESSOR Paul D. Petersen Tax Year 2017 & 2016 Comparison Full Cash Value Analysis VACANT LAND Median Values FCV % LPV % FCV 2017 FCV 2016 Change 33, 700 30, 900 9. 06% 3. 51% SINGLE FAMILY RESIDENTIAL 181, 300 173, 700 4. 38% 4. 92% CONDOMINIUM 108, 200 100, 500 7. 66% 5. 00% APARTMENTS 164, 300 147, 650 11. 28% 5. 00% COMMERCIAL 474, 000 429, 350 10. 40% 4. 46% MANUFACTURED HOUSING 59, 900 59, 500 0. 67% 2. 56% All exempt property, new construction, additions, alterations or any change in use have been removed from this analysis 3

Vacant Land 5

Vacant Land 3% of the 2013 Sales are REO 6

Residential/Condo 7

Residential/Condo 8

Residential/Condo 9

Condo All Price Res All Price 10 16 n- Ja 15 5 v 15 No p- Se -1 5 l-1 Ju 15 -1 5 ay M ar M n- Ja 14 4 v 14 No p- Se -1 4 l-1 Ju 14 -1 4 ay M ar M n- Ja 13 3 v 13 No p- Se -1 3 l-1 Ju 13 -1 3 ay M ar M n- Ja 12 2 v 12 No p- Se -1 2 l-1 Ju 12 -1 2 ay M ar M n- Ja $275, 000 Residential/Condo $250, 000 $225, 000 $200, 000 $175, 000 $150, 000 $125, 000 $100, 000 $75, 000 $50, 000 $25, 000 $0

Commercial 11

Commercial 12

Commercial 9% of the 2009 Sales are REO 13

Commercial % change by type ASSESSOR Paul D. Petersen

Apartments 15

Apartments 16

Apartments 17

Apartments 18

Apartment Median % Change ASSESSOR Paul D. Petersen 19

CAMA Model Overview ASSESSOR Paul D. Petersen PROPERTY TYPE MODEL TYPE Residential Market Condo Market Vacant Land Market 2 -12 Unit Apartments Market 13 + Unit Apartments Income Hotels/Resorts > 200 Rooms Income Commercial Condo Market Warehouse/Industrial Market Offices < 22, 000 SF Market All remaining property types are valued using the Cost Approach. 20

Reminders For 2017 • Commercial Cost Sub Market Adjustment ASSESSOR Paul D. Petersen – Based on Commercial Market Area and Use Code – Excludes statutorily assessed shopping centers – Excludes exempt government property (9300 -9800’s) – Offices > 10, 000 sq. ft. have a separate schedule – Hospitals (PUC 211 x, 901 x) -10% – Applied to the improvement value only 21

2016 Sub Market Adjustments ASSESSOR Paul D. Petersen 22