At the end of February, the County Assessor mailed out the 2012 notices of valuation. Each planned community association should have received such a notice for its common area parcels. Please review the valuation notices received to ensure that they reflect a $500 valuation with an assessment ratio of 10% and a legal class of 4. Note that if your common areas have been combined, more than one common area parcel may be included on a valuation notice. If your planned community association did not receive any valuation notices, or if you suspect that all of the association’s common areas are not included on the notices received, please contact us so that we can ensure that all of the association’s common areas are properly titled and properly valued.
If your association has not previously filed for Common Area Valuation, you may be receiving a valuation notice reflecting a very high value, since the property will not be classified as common area by the Assessor. Even if your association has filed for Common Area Valuation in the past, there is always a chance that you will receive a high valuation notice, either due to a re-classification of the property or an error by the Assessor. Do not ignore a high valuation notice! Instead, contact our office as soon as possible, as we may need to appeal the valuation. Please note that the window to file such appeals is only 60 days after the valuation notice was mailed out. This year’s deadline to file an appeal is April 26, 2011.
If you have any questions or would like assistance in filing an appeal, please contact Jessica Maceyko at 480-922-9292.