Manfredi: City Council proposing property tax reduction

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By Vincent Manfredi

Taxes are too high.

I have made it a mission to mandate the lowering of property taxes for every taxpayer. As your councilmember I have never voted to raise primary property tax rates and never will.

In a time when so many cities and their residents are feeling the lasting impacts of the pandemic, economic instability and inflation, city council wants to help. We are proposing to lower the city’s primary property and secondary tax rates.

Current Fiscal Year 2021/22 primary property and secondary tax rates are $437.09 and $88.04 per $100,000 of assessed value, respectively.

We are proposing a reduced rates for FY 2022/23 of $417.09 and $83.99 per $100,000 of assessed value, respectively. On a home valued at $400,000, that means the homeowner would save about $100 annually.

The 2022/2023 budget takes effect on July 1. Council is scheduled to vote on the tentative budget at the May 17 council meeting and vote on the final budget during the June 21 meeting.

Vincent Manfredi is vice mayor of Maricopa and a co-owner of InMaricopa.