Yavapai County Arizona Real Property Tax Information

1. Yavapai County Assessor’s Office Pam Pearsall County Assessor

4. Timeline For Sales, Valuation Date and Tax Bills: 1/1/2007 1/1/2008 1/1/2009 1/1/2010 1/1/2011 A sales file is built using sales from 1/1/2007 through 6/30/2008. These sales are verified and analyzed for market trends. Value set on 1/1/2009. It is a current value but is referred to as the 2010 Taxable Value. The appeal process lasts until 12/15/2009 to allow for all three levels of appeal. After appeals, the values are final and the budget process begins. It continues until the 3 rd week in August. Tax Bills are calculated and mailed out in early October, 2010.

6. Comparison Of The Full Cash Value And Tax Bill For A Typical Property ? Tax Rates Have not been set for 2009 or 2010 Value Tax Red: Full cash Value Blue: Total Tax Bill

9. THE VALUATION PROCESS

15. Red : Sales Price Blue : FCV Gray : Valuation Guidelines

17. How is the decline in Yavapai County’s housing market going to effect my property taxes ?

18. Tax History For Example Property ?? ?? $153,800 $153,800 2010 ? ? $175,200 $185,400 2009 1% $1,305 $159,300 $202,100 2008 12% $1,297 $144,800 $162,300 2007 -2% $1,156 $131,700 $137,100 2006 9% $1,186 $119,700 $133,200 2005 8% $1,089 $108,800 $109,300 2004 -9% $1,004 $98,900 $98,900 2003 8% $1,109 $102,100 $102,100 2002 $1,023 $95,600 $95,600 2001 % Change Tax Bill LPV FCV Year

21. Comparison Of The Full Cash Value And Tax Bill For A Typical Property ? Tax Rates Have not been set for 2008 or 2009 Value Tax Red: Full cash Value Blue: Total Tax Bill

28. Total Tax Bill for our typical property: Primary Tax……………..$957 Less state aid to education …-$194 Secondary Tax ………….$533 Total Tax…………..…..$1,296

29. Arizona’s Property Tax System

30. ARIZONA PROPERTY TAX PROTECTIONS

40. OPTIONS FOR ARIZONA PROPERTY TAX PAYERS

43. Property Tax Explanation

45. $1,000 Budget From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 $100,000 Value $250 tax bill $100,000 Value $250 tax bill $100,000 Value $250 tax bill $100,000 Value $250 tax bill

47. $1,000 Budget From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 $200,000 Value $250 tax bill $200,000 Value $250 tax bill $200,000 Value $250 tax bill $200,000 Value $250 tax bill

49. $1,000 Budget From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 From the Desk of: Pamela J. Pearsall Property Tax Explanation As the Yavapai County Assessor, I’ve received a number of inquiries that highlight the broad misunderstanding of how our property taxes are determined and where limits apply. The best way I know to explain Yavapai County’s property tax system is with some simple illustrations. Imagine a little city that consists of four homes, each exactly the same, and each appraised by the Assessor at $100,000. Let’s also say that the annual city budget for our imaginary city is $1000. To raise the amount of the budget, each homeowner must pay $250. Four homes each paying $250 raises $1000. Our property tax system is budget based. We tax enough to raise the amount in the budget. No more. $1000 Budget $100,000 $100,000 $100,000 $100,000 $150,000 Value $187.50 tax bill $200,000 Value $250 tax bill $200,000 Value $250 tax bill $250,000 Value $312.50 tax bill

51. THANK YOU F or further information, please call the Assessor’s Office 928-771-3220 (Prescott) 928-639-8121 (Cottonwood)