Assessor Releases Tax Year 2025 Notice of Value

Published on February 16, 2024

Yavapai County Assessor Judd W. Simmons mailed just over 168,600 Notices of Value on February 16th, 2024, for the tax year 2025. These values have an effective valuation date of January 1st, 2024, and will be used to calculate the 2025 tax bills.

The 2025 Notice of Value is the county’s official declaration of Full Cash Value and Limited Property Value assessments. The Full Cash Value is synonymous with market value and the Limited Property Value is calculated based on Arizona law. The Limited Property Value will be used to calculate the 2025 property tax bills. By state statute, this notice must be mailed before March 1st of the year prior to the tax year. The notice includes values for both 2024 and 2025, which allows all property owners to easily recognize any increase or decrease in assessed value from the previous year.

The median value of single-family residences has decreased from the 2024 Notice to the 2025 Notice by approximately 3%. This decrease reflects market changes throughout Yavapai County. Sales that occurred in 2022 and 2023 were used to value property for the 2025 tax year based on Arizona Department of Revenue guidelines.

All property owners should review the Full Cash Value and Legal Class of their property. If you believe your 2025 Full Cash Value and/or Legal Class are incorrect, you may consider filing a Petition for Review. Information on the appeal process is contained within the Notice of Value.

 

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