1. 1 Maricopa County Assessor’s Office Tax Year 2013 Valuation Overview

2. 2 Maricopa County Property Types

3. 3

4. 4

5. 5 Vacant Land

6. 6 44% of the 2009 Sales are REO 42% of the 2010 Sales are REO 36% of the 2011 Sales are REO

7. 7 Residential/Condo

8. 8

9. 9 2007 10,998 2008 42,460 2009 52,866 2010 54,485 2011 46,165

10. 10 42,150 52,865 18,941

11. 11 Residential/Condo

12. 12 Residential

13. 13 Condo

14. 14

15. 15 Commercial

16. 16 Commercial

17. 17 Commercial 9% of the 2009 Sales are REO 20% of the 2010 Sales are REO 36% of the 2011 Sales are REO

18. 18 Commercial % change by type

19. 19 Apartments

20. 20 Apartments

21. 21 Apartments 71% of the 2009 Sales are REO 44% of the 2010 Sales are REO 71% of the 2009 Sales are REO 44% of the 2010 Sales are REO 40% of the 2011 Sales are REO

22. 22 Apartments 21% of the 2009 Sales are REO 34% of the 2010 Sales are REO 31% of the 2011 Sales are REO

23. 23 Apartments

24. 24 CAMA Model Overview All remaining property types are valued using the Cost Approach

25. 25 Reminders For 2013 Commercial Cost Sub Market Adjustment –Based on Commercial Market Area and Use Code –Excludes statutorily assessed shopping centers –Excludes exempt government property (9300-9800’s) –Offices > 10,000 sqft have a separate schedule –Hospitals (Puc 211x, 901x) -35% –Applied to the improvement value only

26. 26 Commercial Market Areas Market AreaAdjustmentCommercial type 1-30%Retail Excluding 1130’s (strip) 1-45%Remaining CM Cost 2-40%Retail Excluding 1130’s (strip) 2-45%Remaining CM Cost 3-30%Retail Excluding 1130’s (strip) 3-45%Remaining CM Cost 4-30%Retail Excluding 1130’s (strip) 4-45%Remaining CM Cost 5-40%Retail Excluding 1130’s (strip) 5-45%Remaining CM Cost 6-40%Retail Excluding 1130’s (strip) 6-45%Remaining CM Cost

27. 27 Commercial Market Areas Market AreaSub Mkt. AdjustmentCommercial type 1-30%Retail Excluding 1130’s (strip) 1-45%Remaining CM Cost 2-40%Retail Excluding 1130’s (strip) 2-45%Remaining CM Cost 3-30%Retail Excluding 1130’s (strip) 3-45%Remaining CM Cost 4-30%Retail Excluding 1130’s (strip) 4-45%Remaining CM Cost 5-40%Retail Excluding 1130’s (strip) 5-45%Remaining CM Cost 6-40%Retail Excluding 1130’s (strip) 6-45%Remaining CM Cost

28. 28 Thank-you