Government

Scottsdale proposes 2.66% primary property tax increase

Public hearing planned for June 7

Posted 5/23/22

Scottsdale is proposing an increase in primary property taxes of $931,256 or 2.66%.

A 5 p.m. Tuesday, June 7, “Truth in Taxation” public hearing is being hosted by the city of …

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Government

Scottsdale proposes 2.66% primary property tax increase

Public hearing planned for June 7

Posted

Scottsdale is proposing an increase in primary property taxes of $931,256 or 2.66%.

A 5 p.m. Tuesday, June 7, “Truth in Taxation” public hearing is being hosted by the city of Scottsdale for residents.

The proposed primary property tax increase is due to tort liability claim payments and a 2% statutory adjustment.

According to city officials, because property valuations increased, Scottsdale can decrease its primary property tax rate from $0.5039 per $100 of assessed valuation down to $0.4970 in the upcoming fiscal year, and still achieve the proposed levy amount. The 2022-23 fiscal year begins July 1.

The city’s proposed secondary property tax levy will decrease $5.02 million due to use of accumulated fund balance as a result of savings achieved through a general obligation debt refinancing. In addition, due to increased property values, the current secondary tax rate of $0.5042 is expected to decrease by $0.0941 to $0.4101 per $100 of assessed valuation in fiscal year 2022-23.

In fiscal year 2022-23, citizen tax bills will reflect an estimated combined property tax rate of $0.9071, which is $0.1010 less than this fiscal year’s combined rate of $1.0081, officials say.

Where do your property taxes go in Scottsdale?

About 9 cents of every dollar in property taxes paid by Scottsdale property owners goes to the city, the remaining 91 cents goes to public schools, Maricopa County, community colleges and various special taxing districts. And of the 9 cents of every dollar paid by Scottsdale property owners, 4 cents goes to support voter approved bond programs, a city press release states.

The amount of property tax paid is based on two factors: the tax levy set by the city and the assessed valuation of the property (as determined by the county).

The City Treasurer’s Office at 480-312-2427 can answer questions regarding the city property tax levy or other budget issues.

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 $931,256 or 2.66 percent.

For example, the proposed tax increase will cause Scottsdale’s primary property taxes on a $100,000 home to be $49.70 (total proposed taxes including the tax increase). Without the proposed tax increase, the total taxes that would be owed on a $100,000 home would have been $48.41, according to city officials.

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 5 p.m. Tuesday, June 7, at the Scottsdale City Hall Kiva, 3939 N. Drinkwater Blvd., Scottsdale.

Please note that due to the ongoing COVID-19 pandemic, Scottsdale City Council meetings may be held virtually with access by the public limited to virtual attendance through electronic means. However, the meeting is currently planned to be held in person at the City Hall Kiva and also broadcast electronically through Cox Cable Channel 11 and streamed online at ScottsdaleAZ.gov (search “live stream”). Check the City Council website at https://www.scottsdaleaz.gov/council/meeting-information/agendas-minutes for the specific agenda for this meeting and the latest updates regarding meetings and the opportunity for public participation and comment at this meeting.

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