PEORIA,
Ariz. (May 21, 2009) – 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 $181,916 or 6.02%.
For
example, the proposed tax increase will cause Peoria’s primary property taxes on
a $100,000 home to increase from $17.92 to $19.00.
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 June 16, 2009 at 7:00 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.
Note that
City of Peoria primary property tax rates have not changed, nor are they
expected to change with adoption of the budget for the next fiscal year. The
increase in total property tax collected is due to increased property valuation
within the city.
For additional information, contact the City of
Peoria Budget Office at 623-773-7126.
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