Mortgage And Real Estate News

Tuesday, September 25, 2012

Maricopa County homeowners likely to see property-tax bill lowered

Property-tax bills are in the mail, and most Maricopa County homeowners should owe less than last year.

The typical metro Phoenix homeowner can expect his or her bill to drop by $18, the Maricopa County Treasurer's Office says. Last year, when home values were even lower, the average homeowner saw a bigger decrease, about $60.

This year's tax bills are based on 2010 valuations, when Valley home prices dropped a median of 11 percent. But the drop in a house's value does not translate to the same drop in a homeowner's taxes.

Read more: Maricopa County homeowners likely to see property-tax bill lowered

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