The 2010 Maricopa County Property Valuation notices went out on February 20, 2009. If you feel your home was improperly valued, you can appeal, but must do so by April 21, 2009.
You can obtain a “Petition for Review of Valuation” along with filing instructions from the Assessor's office via:

It's important to remember the Assessor's cover letter states that even though your assessment may decrease (and in some areas by quite a bit), this does not automatically reduce your tax bill. The assessment determines each property owner's share of the total obligation for their taxing jurisdiction.
If you need additional information on the appeals or want to check the change in median Full Cash Value (FCV) by city or zip code from 2009 to 2010, visit the Maricopa County Assessor's web page at www.maricopa.gov/assessor.
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