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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