Truth in Taxation notice published; City property taxes to remain a fraction of owners’ total tax bill
May 18, 2012
Contact: Kelly Corsette, Communications and Public Affairs Director,
Truth in Taxation notice published; City property taxes
to remain a fraction of owners’ total tax bill
Today, Scottsdale is publishing a Truth in Taxation hearing notice, as required by Arizona state law, which deals with the city’s primary property tax levy.
Under Arizona’s two-tiered property tax system, primary, or “limited,” property taxes pay for government operations. The secondary, or “unlimited,” property taxes pay for voter-approved bonds which fund construction of public facilities and infrastructure. About 13 cents of every dollar in property taxes paid by Scottsdale property owners goes to the city for these two uses. The remainder goes to public schools, the county, community colleges and various special taxing districts (see graphic below).
The city’s combined rate will increase to $1.2252 for fiscal year 2012-13. The owner of a home valued at $100,000, for example, would pay about $122.52 in city property taxes. The amount of the property tax bill on each individual property depends on the tax rate and the property’s assessed value. The Maricopa County Assessor’s Office determines property values used to calculate tax bills -- not the city of Scottsdale.
The City Council tentatively adopted the 2012-13 budget on Tuesday, May 15, and final adoption of the budget is 5 p.m. Tuesday, June 5, in the City Hall Kiva, 3939 N. Drinkwater Blvd. A legally required public hearing on the proposed property tax levy will be held prior to the final budget adoption on June 5.
Citizens with questions regarding the city property tax rate or other budget issues may contact the Finance and Account Division at (480) 312-7084.
Truth in Taxation Hearing Notice of Tax Increase
In compliance with section 42-17107, Arizona Revised Statutes, the City of Scottsdale is notifying its property taxpayers of Scottsdale’s intention to raise its primary property taxes over last year’s level. Scottsdale is proposing an increase in primary property taxes of $212,914 or 0.84%.
The proposed tax increase will cause Scottsdale’s primary property taxes on a $100,000 home to increase from $49.85 (total taxes that would be owed without the proposed tax increase) to $50.27 (total proposed taxes including the tax increase).
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.
All interested citizens are invited to attend the public hearing on the tax increase that is scheduled to be held on Tuesday, June 5, 2012, at 5 p.m. at Scottsdale City Hall, 3939 N. Drinkwater Boulevard, Scottsdale, Arizona.