At a brokerage meeting in Scottsdale, a homeowner asks whether the county treasurer sets the property's value for tax purposes. Which statement should the broker communicate?
Correct Answer
A) the county assessor values locally assessed property, while the county treasurer primarily bills, collects, and distributes the tax
Under Arizona Department of Revenue property-tax materials, the county assessor values locally assessed property, while the county treasurer primarily bills, collects, and distributes the tax.
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More Az Property Tax Questions
During an Arizona file audit in Yavapai County, an owner calls the Arizona senior program a complete cancellation of future property taxes. Which statement is most accurate under current Arizona rules?
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- → For Arizona property-tax calculations, a value base of $275,000.00 is multiplied by an assessment ratio of 18%. What assessed value should be used?
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During an Arizona file audit in Pima County, a buyer assumes Arizona property taxes are paid in one lump sum with no installment structure. Which statement should the broker communicate?
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