The City of Peoria’s fiscal year 2019 total property tax rate is proposed to stay the same as the prior fiscal year 2018 at $1.44/$100 of assessed value. The secondary rate is proposed to decrease by $0.10/$100 of assessed value while the primary rate is proposed to increase by $0.10/$100 of assessed value. The result is net zero on the total property tax rate. For example, if your $100,000 home did not change in value, then the Peoria property tax levy would still be $144 for both the current year and next year.
The Taxation Hearing information is required by Arizona Revised Statutes and only addresses the primary property tax (see below). However, Peoria has both a primary and a secondary property tax.
Any change in your Peoria property tax bill is due to assessed valuation changes in your home. Again, the required information below only talks about the primary property tax and does not state the equal amount of decrease in the secondary property tax, which equates to a zero net change in Peoria’s total property tax rate.
The information below is required by Arizona Revised Statutes and only addresses the primary property tax.
In compliance with section 42-17107, Arizona Revised Statutes, the city of Peoria is notifying its property taxpayers of Peoria’s intention to raise its primary property taxes over last year’s level. Peoria is proposing an increase in primary property taxes of $1,517,507 or 59.60 percent. For example, the proposed tax increase will cause Peoria’s primary property taxes on a $100,000 home to increase from $18.17 to $29.
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 May 15, 2018, at 7 p.m. in the Peoria City Council Chamber, 8401 W. Monroe Street, Peoria, Arizona. This news release meets requirements for public notification under state law.