This “Truth in Taxation” hearing notice regarding the City of Scottsdale primary property tax levy is being published as required by Arizona state law in the Arizona Republic on Friday, May 26, 2023, and Saturday, June 3, 2023.
A public hearing on Scottsdale’s proposed property tax levy will occur before final budget adoption, scheduled at 5 p.m. Tuesday, June 13, 2023, at Scottsdale City Hall, 3939 N. Drinkwater Blvd.
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”.
The City of Scottsdale plans to increase its proposed primary property tax levy $2,274,290 (exclusive of new construction) due to tort liability claim payments and the 2 percent statutory adjustment. The proposed primary property tax rate is increasing from $0.4970 per $100 of assessed valuation to $0.5150 in Fiscal Year 2023/24.
The city’s proposed secondary property tax levy will increase $5.5 million due to use of accumulated fund balance in FY 2022/23 as a result of savings achieved through a prior year general obligation debt refinancing, and the current secondary tax rate of $0.4101 is expected to increase by $0.0563 to $0.4664 per $100 of assessed valuation in FY 2023/24.
In Fiscal Year 2023/24, citizen tax bills will reflect a proposed combined property tax rate of $0.9814, which is $0.0743 more than the Fiscal Year 2022/23 combined rate of $0.9071.
Where do your property taxes go in Scottsdale?
About 10 cents of every dollar in property taxes paid by Scottsdale property owners goes to the city, the remaining 90 cents goes to public schools, Maricopa County, community colleges and various special taxing districts. And of the 10 cents of every dollar paid by Scottsdale property owners, 5 cents goes 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 $2,274,290 or 6.24 percent.
For example, the proposed tax increase will cause Scottsdale’s primary property taxes on a $100,000 home to be $51.50 (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 $48.47.
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 Tuesday, June 13, 2023, at 5:00 p.m., at the City of Scottsdale City Hall Kiva, 3939 N. Drinkwater Blvd., Scottsdale, Arizona.
The meeting will also be broadcast electronically through Cox Cable Channel 11 and streamed online at ScottsdaleAZ.gov (search “live stream”). Please check the City Council website at https://www.scottsdaleaz.gov/council/meeting-information/agendas-minutes for the specific agenda for this meeting and the latest updates regarding meetings and the opportunity for public participation and comment at this meeting.
