City of Phoenix to Increase Property Taxes

Phoenix Citizens are invited to attend Public Hearing on Tax Increase June 17th at Phoenix Council Chambers

In compliance with section 42-17107, Arizona Revised Statutes, the city of Phoenix is notifying its property taxpayers of the city of Phoenix’s intention to raise its primary property taxes over last year’s level. The city of Phoenix is proposing an increase in primary property taxes of $2,231,218 or 2.0 percent.

For example, the proposed tax increase will cause the city of Phoenix’s primary property taxes on a $100,000 home to increase from $71.95 to $73.39.

This proposed increase is exclusive of increased primary property taxes received from new construction and accepted torts. The increase is also exclusive of any changes that may occur from property tax levies for voter approved bonded indebtedness or budget and tax overrides.

All interested citizens are invited to attend the public hearing on the tax increase that is scheduled to be held June 17, 2009 at 1 p.m. at the city of Phoenix Council Chambers, 200 W. Jefferson St.

As required by state law, the content of the above notice addresses only the primary property tax portion of property tax bills.

Property taxes are comprised of two separate levies – primary and secondary. The primary portion of the property tax supports our General Fund and pays for city services such as police and fire protection, parks and recreation programs, libraries and community centers. The secondary portion of the property tax is used to pay for bonds like the 2006 Bond Program. Phoenix’s combined property tax rate is $1.82 per $100 of assessed valuation. This rate has not changed in 13 years and will not change as a result of this notice.

Although the primary portion of the property tax rate is increasing next year, the city of Phoenix will offset this increase by reducing the secondary property tax rate. The combined city of Phoenix property tax rate of $1.82 per $100 of assessed value will not change. For more information about this property tax notice, call 602-262-4800.

Source: City of Phoenix

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