“The tax rate for property owners in the City of Maricopa will remain the same,” explains City of Maricopa Finance Director Brenda Hasler. “Due to increased property values the overall amount the City is proposing to collect will increase.”
The fiscal year 2015-16 property tax rate was $4.7845 per $100 of net assessed value which resulted in a primary tax levy of $10,522,453. For fiscal year 2016-17, the City of Maricopa is maintaining the property tax rate at $4.7845 per $100 of net assessed value. However, due to the increase in the net assessed value of residential property within the City of Maricopa, the total primary tax levy will increase to $10,998,701, a 2.4 percent increase from the 2015-16 fiscal year.
The Truth in Taxation Public Hearing is scheduled for Tuesday, June 21, 2016 at City Hall at 39700 W. Civic Center Plaza Maricopa AZ, 85138 at 7 p.m. A copy of the City’s tentative budget is available for review at the front desk of City Hall and the Maricopa Public Library located at 41600 W. Smith-Enke Road Building #10 Maricopa, AZ 85138, and on the City’s Financial Services homepage at www.maricopa-az.gov.
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.