Pursuant to Arizona Revised Statutes Sec. 9-499.15, the City of Phoenix is hereby giving notice of proposed adoptions of, or changes to, municipal taxes or fees.
|Notice Date||Council Date||Type||Description||Department||Statutory Reference||More Information|
|3/16/2015||7/1/2015||Tax||The following is a revision to the previous notice posted on March 16, 2015. Under Arizona law, City of Phoenix property owners pay a primary property tax and a secondary property tax. City staff intends to recommend decreasing the primary property tax rate by 1.27 cents per $100 of assessed valuation for fiscal year 2015-16 and increasing the secondary property tax rate by 1.27 cents per $100 of assessed valuation in fiscal year 2015-16. If approved, the combined property tax rate will remain $1.82 per $100 dollars of assessed valuation, the same combined rate in place for 20 years. Based on increases to assessed property values, the City's total annual property tax levy will increase by about $2.7 million; however, since 2009-10, Phoenix property taxes have decreased by a cumulative total of $664 million. ||Budget & Research||Phoenix Municipal Charter Chapter XVIII, Phoenix Municipal Code Chapter/Section 2-19, Arizona Revised Statutes 42-17151|
602-262-4800 budget.research@ phoenix.gov