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CATHERINE REAGOR REAL ESTATE
Watch for home values in the mail
Homes built around working farms center lifestyle around healthier food
WELCOME TO THE
‘AGRIHOOD’ DEAN FOSDICK | ASSOCIATED PRESS
• Gated communities with houses clustered around golf courses, swimming pools,
party rooms and fitness centers are common in many suburban areas. But homes built adjacent to functioning farms? • Welcome to “agrihoodsâ€? — pastoral ventures with healthier foods as their focus. • This farm-to-table residential model has been sprouting up everywhere from Atlanta to Shanghai. It involves homes built within strolling distance of small working farms, where produce matures under the hungry gaze of residents, where people can venture out and pick greens for their salads. â€˘â€œReal estate developers are looking for the next big thing to set them apart,â€? said Ed McMahon, senior resident fellow with the Urban Land Institute in Washington. “That gives them a competitive advantage.â€? See AGRIHOOD, Page 3R ILLUSTRATION BY DORRIAN PULSINELLI/GANNETT AND THINKSTOCK
Metro Phoenix homeowners latest property valuations will soon start showing up in their mail. Figures on the postcard size can be difficult to figure out, but they are important. Property tax bills are calculated on these values. Overall, Valley home values climbed 4.4 percent last year, according to the Maricopa County Assessor. But that doesn’t mean your home’s value grew that much or your taxes will climb almost 5 percent, particularly because the region’s median home sales price climbed by 9 percent during 2015. Property taxes can be tricky business in Arizona. The state has one of the most convoluted systems in the U.S. For starters, you need to figure out which valuation means what for your house. Homeowners get two from the county every year: Âť The first valuation on your notice, the FCV is your home’s Full Cash Value. This is the roughly what your home is worth or what it could sell for. And it’s the one number you can appeal for property taxes. FCVs are almost always low by 10 to 20 percent, which cuts down on appeals. If you disagree with your home’s FCV, full-cash value, you have 60 days to appeal. Âť The second valuation is the LPV, or Limited Property Value. This is the figure used to calculate your property taxes. Your LPV can’t climb by more than 5 percent a year. But it can climb more than your home’s full-cash values, and some homeowners will see that on their latest valuations. “Property owners could see their LPV climb higher than FCV on their latest valuation,â€? Maricopa County Assessor Paul Petersen told me. “That’s because the tax system is set up to play catch up.â€? He said during years of bigger home values increases of 10 percent or more, the LPV still can only climb 5 percent. So during slower years of valuation gains, limited property valuations can climb more but still not more than 5 percent. Back to the quandary of why Phoenixarea county home valuations climbed by less than 5 percent, but the regions’ median home price climbed by 9 percent.. The assessor values all of Maricopa’s homes and condominiums, more than 1 million of them. Its assessment includes many homes that wouldn’t likely sell without significant repair.
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EXCLUSIVE LEGEND AT GAINEY RANCH. Backing the MLS# 6th hole of the premier Lakes golf course, this luxury home is Bedrooms a dream. High ceilings will take your breath away. Magnificent Bath windows showcase glorious golf views. Beautiful cabinetry, Pool cabinet-front KitchenAid appliances and Corian counters in the kitchen. Two luxurious master suites. An awe-inspiring wall Sq. Ft. of windows hugs the main master with a walk-in closet, jetted Parking tub, bidet and walk-in shower. Privacy roller shades. Reach out Lot Size and touch the golf course from the tranquil back yard. Notable ZIP Code water fountain, elevated dining patio, fire pit, view fencing and mountain views. Sought-after guard gated golf course community Online Pics with fitness center, tennis, pool and estate club. - Joseph Callaway Price
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- 5393384 -3 -3 - Community - 2,960 - 2-Car Garage - 9,977 sq. ft. - 85258 - ThoseCallaways.com - $1,175,000
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PARADISE VALLEY | 3422 East Palo Verde Drive | OPEN BY APPOINTMENT
ELEGANT FAMILY COMPOUND ON 1.6 ACRES. Graced MLS# with a series of cascading exterior archways, this stunning estate Bedrooms boasts a sophisticated main house, a pretty guest house and a multiBath purpose casita. Grand European-style entry hall. Dining room w/ Pool magnificent groin vault ceiling. Living room w/opulent handtroweled domed ceiling. Posh master suite w/lavish bath. Kitchen Sq. Ft. w/gorgeous ebony-hued granite, king-size serving/prep island. ZIP Code Morning room, family room, sun-dappled sitting room. Plush theater, wine room. En-suite bedrooms w/private view verandas. Online Pics Price Villa-like patios, shimmering Venetian-blue pool, fireplaced terrace, dining ramada, elevated spa deck. Visit tourfactory. com/484989. Inside: details, directions.
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- 5401105 -6 - 7.5 - Yes - 9,083 - 85253 - BaldwinTeam.com - $3,650,000
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