Arizona Department of Revenue Valuation notices are the postcards which tell the value the county has established for your property, current year versus the future year. You should know how to read the notice, as information could be incorrect, and it can be changed. Here is a guide to help you understand the information. You will notice that there are two sets of numbers on your notice card. The first set of numbers on your notice, Full Cash Value, determines the secondary property taxes.
Secondary taxes are to cover bonded indebtedness and voter approved districts.
Full Cash Value, or market value, is the value of your property as determined by the county assessor. The number is derived from appraisals and comparable sales information. If you feel there is some dispute over Full Cash Value, you have the right to appeal the value. The second set of numbers on your notice, Limited Value, determines the primary property taxes. Primary taxes include state, county, city taxes, school districts taxes and community college districts taxes.