According to a recent statement from the Maricopa County Assessor’s Office, the metro Phoenix housing market has been improving so much that, for the first time in six years, residential properties across Maricopa County will see an increase in assessed valuations for the 2014 tax year.   Specifically, the approximately 1.02 million single-family homes in the county will see a median value of $127,000 next tax year, a 15.88 percent jump from 2013. The nearly 180,000 condos county-wide will see a more modest 13.71 percent rise next year to a median value of $70,500.

The assessor’s office sent out more than 1.53 million notices to inform all property owners of the 2014 valuations. Property owners who wish to appeal the changes have until April 23 to do so; the appeal process can be done via regular mail or online at www.maricopa.gov/assessor. The new valuations will be reflected in the Sept. 2014 tax bills to each owner. However, property owners will know how much they’ll owe in taxes for 2014 by the end of August 2013.