Tax Rate Will Be Set in August
The Maricopa County Board of Supervisors will vote on final approval of its FY 2021 budget during a public hearing on Monday, June 22. The Board, which also governs the Flood Control, Library, and Stadium districts, adopted a tentative budget of $3.071 billion last month. Almost $400 million of the budget increase comes from Federal CARES Act funding allocated for the purpose of responding to the COVID-19 pandemic.
Truth in Taxation Hearing
Before the final budget vote, the public will have the opportunity to comment on the FY 2021 budget which keeps the tax rate the same. The Board does not control property values, but as the economy grows, property values increase and some property owners may pay more in taxes as a result.
The “Truth in Taxation” hearing is required by law and provides Maricopa County taxpayers the opportunity to voice their opinion about the following proposed levies:
- Primary property tax increase of $18,565,283 or 3.1%, which would raise primary property taxes on a $100,000 home from $135.92 to $140.09.
- Secondary property tax increase of $3,183,302 or 4.5%, which would increase secondary property taxes on a $100,000 home from $17.15 to $17.92. (Flood Control District)
- Secondary property tax increase of $756,858 or 3.2%, which would increase secondary property taxes on a $100,000 home from $5.39 to $5.56. (Library District)
A public hearing will be held on Monday, June 22 in the Board of Supervisors’ Conference Room (10th floor) at 301 W. Jefferson, Phoenix, Arizona 85003, starting at 9:30 a.m. Due to continued COVID-19 precautions this meeting may be held in webinar format. A link to the webinar meeting will be provided with the required posting notice.
In accordance with State statute, the Maricopa County Board of Supervisors will meet at a future date to vote on the final tax levy proposal. That meeting will be held on August 17, 2020.
About Maricopa County Taxes
Historically, Maricopa County receives 11 cents of every dollar paid in property taxes. The county’s tax levy in FY 2021 is $140.5 million below the maximum amount allowed by state law, meaning the county collects less in taxes than it could.
Truth in Taxation Hearing
Required Notices
County (primary tax)
In compliance with section 42-17107, Arizona Revised Statutes, Maricopa County is notifying its property taxpayers of Maricopa County’s intention to raise its primary property taxes over last year’s level. Maricopa County is proposing an increase in primary property taxes of $18,565,283 or 3.1%. For example, the proposed tax increase will cause Maricopa County’s primary property taxes on a $100,000 home to be $140.09. Without the proposed tax increase, the total taxes that would be owed on a $100,000 home would have been $135.92. This proposed increase is exclusive of increased primary property taxes received from new construction. 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.
Flood Control District (secondary tax)
In compliance with section 48-254, Arizona Revised Statutes, Maricopa County Flood Control District is notifying its property taxpayers of Maricopa County Flood Control District’s intention to raise its secondary property taxes over last year’s level. Maricopa County Flood Control District is proposing an increase in secondary property taxes of $3,183,302 or 4.5%. For example, the proposed tax increase will cause Maricopa County Flood Control District’s secondary property taxes on a $100,000 home to be $17.92. Without the proposed tax increase, the total taxes that would be owed on a $100,000 home would have been $17.15. This proposed increase is exclusive of increased secondary property taxes received from new construction. The increase is also exclusive of any changes that may occur from property tax levies for voter-approved bonded indebtedness.
Library District (secondary tax)
In compliance with section 48-254, Arizona Revised Statutes, Maricopa County Library District is notifying its property taxpayers of Maricopa County Library District’s intention to raise its secondary property taxes over last year’s level. Maricopa County Library District is proposing an increase in secondary property taxes of $756,858 or 3.2%. For example, the proposed tax increase will cause Maricopa County Library secondary property taxes on a $100,000 home to be $5.56. Without the proposed tax increase, the total taxes that would be owed on a $100,000 home would have been $5.39. This proposed increase is exclusive of increased secondary property taxes received from new construction. The increase is also exclusive of any changes that may occur from property tax levies for voter-approved bonded indebtedness.
All interested citizens are invited to attend the public hearing on the tax increase that is scheduled to be held June 22, 2020 at 9:30 a.m. at the Board of Supervisors’ Conference Room, 301 W. Jefferson, 10th Floor, Phoenix, Arizona 85003. (These meetings may be held by webinar. Additional information will be available on the Clerk of the Board’s website and on each published agenda.)