Information and Graphic Courtesy of the City of Scottsdale
A public hearing on Scottsdale’s proposed property tax levy will occur before final budget adoption at 5 p.m. Tuesday, June 7 at Scottsdale City Hall, located at 3939 N. Drinkwater Boulevard. Meetings are broadcast electronically through Cox Cable Channel 11 and streamed online at ScottsdaleAZ.gov (search “live stream”). To find the agenda for this meeting and information about the opportunity for public participation and comment, visit ScottsdaleAZ.gov and search “City Council agenda.” All interested residents are welcome to attend in-person or online.
The City of Scottsdale will increase its proposed primary property tax levy $931,256 (exclusive of new construction) due to tort liability claim payments and the two percent statutory adjustment. Because property valuations increased, the City of Scottsdale can decrease its primary property tax rate from $0.5039 per $100 of assessed valuation down to $0.4970 in Fiscal Year 2022/23 and still achieve the proposed levy amount.
The city’s proposed secondary property tax levy will decrease $5.02 million due to use of accumulated fund balance because 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 FY 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 the Fiscal Year 2021/22 combined rate of $1.0081.
Where do your property taxes go in Scottsdale?
About nine 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. Of the nine cents of every dollar paid by Scottsdale property owners, four cents go to support voter approved bond programs.
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.
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.