Glossary of Terms

Glossary of Terms


  • A

    • Ad Valorem - According to the value.
    • APN (Assessor Parcel Number) - A numeric system for referring to each parcel of property within the county. (Composed of map books, pages, blocks and parcels.)
      See also Parcel Number.
    • Area Code - Assessor assigned code that represents the subpolitical jurisdiction that receives the tax dollars. The first two digits represent the school district, the next two digits represent the city or town and the last two digits represent special districts.
    • Assessed Valuation - Value derived by the County Assessor by applying the assessment ratio to limited or full cash value.
    • Assessment Ratio - Percentage, based on property usage, applied by the County Assessor to limited or full cash value in determination of assessed value.
    • Assignment - Transference of interest in something to someone else.
  • B

    • Back Tax - Any outstanding tax that exists other than the current year.
    • Bidder Information Card -A registration card to be filled out by purchasers of outstanding tax liens.
    • Bonds - Long-term indebtedness approved by voters in a particular taxing district.
  • C

    • Certificate of Purchase - An instrument denoting the amount of taxes, interest and fees for which a tax lien was sold.
    • CP Assignment - The purchase of a tax lien at any time other than the original sale.
    • CP Individual - Liens that were purchased at the first offering.
    • CP Holder - Individuals or entities that invest in tax liens.
    • Comparative Amount - Listing of the previous year's taxes for comparison to the current year's taxes by jurisdiction.
  • D

    • Delinquent Tax - Taxes owing other than the current year.
  • E

    • East Valley Institute of Technology - The East Valley Institute of Technology (EVIT) is a public school district providing specialized vocational/technological training to high school students from 10 districts throughout the East Valley.
    • Exemption - Property tax exemptions specified IX§ 2, Constitution of Arizona for widow, widowers, and permanently disabled.

  • F

    • Full Cash Valuation - Full cash value is synonymous with market value derived annually by the County Assessor using standard appraisal methods.

  • L

    • Lien-holder - Typically referring to individuals or entities investing in tax lien purchases.
    • Limited Valuation - This value is formula driven and was established by the legislature to provide for a mean-based operating and maintenance budget for taxing jurisdictions. Increases to this value are based on statutory formulas.

  • O

    • Overrides - Amounts levied pursuant to an approval by voters in a particular taxing district to exceed budget or tax limitations.

  • P

    • Parcel Number - is an identifier of an area of land, of any size, that is capable of being conveyed by a single legal description in one ownership.
      See also APN
    • Personal Property - Includes property of every kind, both tangible and intangible, not included in the term "real estate".
    • Primary Tax Rate - Rate per $100 of assessed value used to generate primary taxes.
    • Primary Taxes - Ad valorem taxes calculated on limited assessed value for the maintenance and operation of State, County, Cities, School Districts and Community College District.

  • R

    • Residential Ad Valorem Limit - The limit of the tax, based on the value of residential property. The Arizona State Constitution Article 9 subsection 18 establishes a limitation on the amount of property taxes that can be levied by any taxing authority against a residential property for the purpose of operations and maintenance.
    • Resolutions - Action on a parcel that will change or alter the tax in some way.

  • S

    • Secondary Tax Rate - Rate per $100 assessed value used to generate secondary taxes.
    • Secondary Taxes - Ad valorem taxes calculated on full cash assessed value to pay redemption charges on any bonded indebtedness, amounts levied by voter overrides and assessments levied by Special Districts.
    • Special Districts - Limited purpose districts such as Flood Control, fire, irrigation, etc.
    • State Aid to Education - Reduction (tax credit) for homeowners (owner-occupied) in primary property tax levied by school districts in your area. This amount will be reimbursed to School Districts from the State through the County Treasurer.
    • Sub tax - Purchase of current delinquent year by previous year's lienholder.

  • W

    • West-MEC - A public school district. In 1990, the Arizona legislature approved by statute that public school districts could join together through a public vote to combine efforts to offer Career and Technical Education programs. In November 2002, eight west-side district governing boards placed the formation of West-MEC on the ballots of their constituents. All eight west-side communities voted to form the Western Maricopa Education Center.

×

Disclaimer


Terms of Use

The Maricopa County Treasurer has made every effort to ensure that the information contained on this Web site is accurate and current. However, the Treasurer’s Office does not guarantee that each and every item of information is completely accurate. Therefore, the user is advised to make his or her own independent analysis and investigation prior to reliance on this information. The Maricopa County Treasurer’s Office hereby disclaims liability for any damages, direct or indirect, arising from use of or reliance upon this information.

 
Recommended Settings

Adobe Reader (available free of charge from Adobe Systems) is required to view some content on this site. After installing Acrobat Reader on your computer, you will be able to view and print PDF files.

This web site uses style sheets. If style sheets have been disabled on your browser, pages may appear different than originally designed. To view this site properly, style sheets should be enabled on your browser.

We recommend viewing this web site with the following browsers:

  • Windows
    • Microsoft Internet Explorer 8.0 or higher
    • Chrome
    • Firefox
  • Macintosh
    • Safari 5.1.7

To close this window, press Esc or click anywhere outside this window.

×

   Please wait...

 

Parcel number 123-45-678 9, can be entered as 123 45 678

Parcel number 123-45-678a 9, can be entered as 123 45 678 a

For Mobile Home/Business Personal Property - Use the personal property roll number with a prefix of 9 as the parcel number.
Example: Roll number 60-00-001 8 can be entered as 960 00 001.

To close this window, press Esc or click anywhere outside this window.

×

 Subscriber Login


Subscribe

  Forgot your password  |    Forgot your User Name
Maricopa County Treasurer's Office. SSL Encryption

For existing subscribers, enter your registered email address. You will then be guided to create a non-email user name.

To close this window, press Esc or click anywhere outside this window.

;