Government

Florence proposes a property tax increase

Posted 5/28/22

In compliance with state statutes, the town of Florence is notifying its property taxpayers of the town’s intention to raise its primary property taxes over last year’s level. The town of …

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Government

Florence proposes a property tax increase

Posted

In compliance with Section 42-17107, Arizona Revised Statutes, the town of Florence is notifying its property taxpayers of the town’s intention to raise its primary property taxes over last year’s level. The town of Florence is proposing an increase in primary property taxes of $34,271 or 2.65%, according to a press release from the town.

For example, the proposed tax increase will cause the town of Florence’s primary property taxes on a $100,000 home to be $107.43 (total proposed taxes including the tax increase). Without the proposed tax increase, the total taxes that would be owned on a $100,000 home would have been $104.66.

The release further states that the 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 residents are invited to attend the public hearing on the tax increase. It is scheduled for June 20 at 6 p.m. at 775 N. Main Street in the Town Council chambers.

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