Bleeding stops for many Pima County property owners - Tucson News Now

Bleeding stops for many Pima County property owners

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TUCSON, AZ (Tucson News Now) -

When many Pima County homeowners get their 2014 notice of value in the mail in the next few days, it will likely be the same as this year.  The county has mailed about 400,000 notices.

Assessed home values fell by double-digit percentages after the housing bubble burst a few years ago.  But this year 13 out of Pima County's 22 neighborhoods will show values to hold steady. 

A few foothills neighborhoods will show increases and a few south and west side neighborhoods will still show a small drop. 

"For all the districts, I think this is a welcome sign that we've suffered year after year after year of decline and I think property owners are concerned about what is most likely their largest asset, their home, decline in value year over year over year," said Pima County Assessor Bill Staples. "Now, it looks like the worst is behind us.

"I don't expect sky-rocketing evaluations over the next several years but maybe something much more sustainable in the single-digit areas." 

Homeowners who want to contest their 2014 valuation have until April 1st to do so. 

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