4-27-2026 SIGNED LETTER AND ASRS ATTACHMENT.PDF

. 301 W. Jefferson St.
Eddie Cook Phoenix, Arizona 85003

Maricopa County Assessor ane PUeea0e
mcassessor.maricopa.gov

April 20, 2026

Ms. Juanita Garza, Clerk of the Board
Maricopa County Board of Supervisors
301 West Jefferson, 10th Floor
Phoenix, Arizona 85003

Re: Arizona State Retirement System (“ASRS”)

Dear Ms. Garza:

Enclosed is a copy of the 2026 Government Lease Excise Tax Forms for the Arizona State Retirement System
("ASRS"). Under A.R.S. § 42-11102(C), the ASRS may elect to have the taxes on its income producing
properties based upon their full cash value as determined by this Office (“voluntary contributions”) or pursuant
to A.R.S. § 42-6201 et seq., it may provide for a government property lease tax (“GPLET’). The ASRS has
timely notified the Assessor’s Office that it is electing to have its sole property in Maricopa County taxed under
the GPLET framework for tax year 2026. That property is a high-rise office building located at 3300 N. Central
Ave, Phoenix (APN #118-37-021P).

The enclosed forms submitted by the ASRS representative contain the property data necessary for the
computation of the lease tax, as well as the total computed tax, which is due and payable to the Treasurer on or
before December 1, 2026. The forms (Government Property Lease Excise Tax Forms) were completed and
approved by representatives of ASRS. We have reviewed the computations on the 2026 reporting forms against
A.R.S. 42-6201 et seq., coordinated with the Treasurer’s Office, as well as had discussions with the ASRS
representative and these are the final calculations. This year the ASRS reporting forms state the total taxes due
for 2026 to be $473,085.96.

As we have done in prior years, my office will coordinate with you to have this item placed on the next available
Board of Supervisors agenda. If you have any questions please contact my Administrator, Tim Holland at
(602) 372-9224.

Sincerely,
Eddie Cook
Maricopa County Assessor
cc: John M Allen; Treasurer
Patrick Irvine; Fennemore Craig, P.C.

Tim Holland; Assessor's Office

Maricopa County Assessor
Eddie Cook

Government Property Lease Tax Reporting Form A1

(For properties subject to A.R.S §42-11102(C) with a predominate use using tax rates established by A.R.S §42-6203(A))

Reporting Year: 2026

1. Subject Property Identification Information

Owner Name: ARIZONA STATE RETIREMENT SYSTEM

Mailing Address:_ ASRS c/o CBRE, 3300 N. Central Ave, Ste 1100, Phx AZ 858012
Property Name (if applicable):_3300 North Central Avenue

Street Address:_3300 N Central Avenue, Phoenix. AZ

Assessor Tax Parcel Number(s):_118-37-021P

. Subject Property Improvement Information
. Date of issuance of the original Certificate of Occupancy for the leased improvements: APRIL 1980

. Number of building floors above ground: 27

. Predominate use of leased space (285% leased area in square feet): OFFICE
. Building space (square feet) leased for non-governmental use: 15338

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. Number of leased parking spaces within a parking garage or deck: 237

. Leased Improvement Tax Rate & Calculation

. Improvement tax rate: $5.22 B. Age of property factor (%):
. Effective tax rate (multiply Item 3A by Item 3B): $5.22
. Leased Improvement Tax: (Item 2D)__ 75338 __ x (Item 3C) $5.22 = $393264.36

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. Leased Parking Space Tax Rate & Calculation

. Parking space tax rate: $ 336.80 B. Age of property factor (%):
. Effective tax rate (multiply Item 4A by Item 4B): $336.80

. Parking Space Improvement Tax: (Item 2E)__237 _x (Item 4C) $336.80 = $ 79821.60

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5. Total Government Property Lease Tax
(Item 3D) $393264.36 + (Item 4D) $79821.60 = $473085.96

6. System or Plan Representative Information
Name:_Patrick Irvine Title: Attorney
Employer / Address: 2394 E. Camelback Rd. Ste 600. Phx 85016

Signature. NSS 2 Date 4 - Z/ = 24) x

ADM/SD 08:18 E 030220