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v 301 West Jefferson Street i) Eddie Cook Phoenix, Arizona 85003 } Phone: (602) 506-3406 ; Maricopa County Assessor http:/ /mcassessor.maricopa.gov April 14, 2025 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 2025 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 2025. 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, 2025. The forms (Government Property Lease Excise Tax Forms) were completed and approved by representatives of ASRS. We have reviewed the computations on the 2025 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 2025 to be $256,588.00. 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