In a Chandler transaction review, a buyer sees both limited property value and full cash value on Arizona tax information and assumes they always mean the same thing. What is the most accurate response?
Correct Answer
B) limited property value and full cash value are distinct Arizona valuation concepts and should not be treated as automatic synonyms
Under Arizona Department of Revenue property-tax materials, limited property value and full cash value are distinct Arizona valuation concepts and should not be treated as automatic synonyms.
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At Sonoran Valley Realty in Gilbert, a real-property owner disagrees with the Arizona Notice of Value and asks how quickly a first appeal to the assessor must be filed. What is the most accurate response?
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During an Arizona file audit in Coconino County, an investor asks whether property-tax liens in Arizona arise only after a foreclosure lawsuit is filed. Which statement should the broker communicate?