PHOENIX (AP) — The Maricopa County Assessor's Office says it's working its way through the largest wave of property-valuation appeals in nearly two decades.
Appeals have been growing for the past five years, but they have swelled by nearly 50 percent in the past two years alone.
Maricopa County Assessor Keith Russell says his office saw 13,251 appeals in 2007 for residential, commercial and vacant land.
As property values began to fall, the number of appeals rose to 17,213 last year and to 19,801 this year.
The biggest spike over those three years was for commercial appeals, followed by residential.
In 2005, when property prices were rising rapidly and assessments had not caught up to market values, total appeals were nearly half of what they are now.
The final deadline to appeal your property valuation this year is Dec. 15.
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Information from: The Arizona Republic, http://www.azcentral.com
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