Information Courtesy of the City of Peoria
The City of Peoria’s fiscal year 2023 total property tax rate is proposed to stay the same as the prior fiscal year 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 a $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. Any change in the Peoria property tax bill is due to assessed valuation changes in the home.
The Taxation Hearing information is required by Arizona Revised Statutes and only addresses the primary property tax. However, Peoria has both a primary and a secondary property tax.
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 $221,043 or 4.28 %.
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 $27.81.
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.
For additional information, contact the Peoria Budget Office at 623-773-7527.