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Notice of Proposed Taxes, Public Hearing 6/2

Post Date:05/13/2020 6:49 AM

A.R.S. § 9-499.15 Public Notice

Notice is hereby given that the City of Peoria Council will hold a public hearing for the Fiscal Year 2021 property tax levy at its public meeting on June 2, 2020, and will be considering adopting its final property tax levy (pursuant to A.R.S. § 42-17151) for Fiscal Year 2021 at its public meeting of June 16, 2020. The final levy amount may be increased over the current levy.

The June 2, 2020, and June 16, 2020, meetings will be held at 7:00 pm in the City Council Chambers at 8401 W. Monroe Street, Peoria.

Notice posting date: April 13, 2020

Peoria Truth in Taxation Hearing to be Held on June 2, 2020

PEORIA, Ariz. (May 11, 2019) – The city of Peoria’s fiscal year 2021 total property tax rate is proposed to stay the same as the prior fiscal year 2020 at $1.44/$100 of assessed value. The secondary rate is $1.15/$100 of assessed value while the primary rate is $0.29/$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.

The information below is required by Arizona Revised Statutes and only addresses the primary property tax.

Notice posting date: May 11, 2020

Truth in Taxation Hearing
Notice of Tax Increase

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 $181,391 or 4.02 percent.

For example, the proposed tax increase will cause Peoria’s primary property taxes on a $100,000 home to be $29 (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 $27.88.

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 for Tuesday, June 2, 2020, 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.

For additional information, contact the city of Peoria Budget Office at 623-773-7174.

Notice posting date: May 11, 2020