FLORENCE, AZ – Valuations for the 2013 tax year will be mailed today to all individuals who own property in Pinal County. Valuations are set through formula prescribed by state statute. The formula has a lagging indicator meaning that the formula factors in sales of property in 2010 through June 2011.

In general, the valuation most property owners will receive will reflect a decline in value over prior years. It is not a reflection of what the value of your property is at this moment in time in 2012.

“Over the last several years, property values have taken a beating throughout the country and certainly here in Pinal County,” said Pinal County Assessor L. Paul Larkin. “There are some signs of recovery on the horizon and home sales are picking up pace. Pinal County is still anticipating a growth in the net population for 2012.”

If you do not receive a valuation notice, please check to see that the Pinal County Assessor’s office has your current address. You can look up your property online using Parcel Search at http://www.pinalcountyaz.gov/Departments/Assessor. If your address changed, please submit a change of address form using the Change of Address Form online. This form is also posted on http://www.pinalcountyaz.gov/Departments/Assessor.

If your address is correct and you did not receive a Notice of Valuation you should contact the Pinal County Assessor’s office at 520-866-6361.

If you feel your valuation or property classification is erroneous, please call 520-866-6361 or 888-431-1311 to request a Petition for Review of Valuation form. There is a 60 day window to file a Petition for Review of Valuation. The appeal deadline is April 30, 2012.