During an Arizona file audit in Yuma County, 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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- → 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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