Vote: approved

Item Text

3. FY 2013 PROPERTY TAX LEVY The Maricopa County Board of Supervisors resolves that: 1. Pursuant to A.R.S. §§ 42-17151 and 48-3620, and based on the budget it has duly adopted for Maricopa County and the budget adopted by the Maricopa County Flood Control District Board of Directors, the Board fixes and determines the amount to be raised from primary property taxation and secondary property taxation and the Tax Year 2012 tax rates for Maricopa County and the Maricopa County Flood Control District as follows: • Fiscal Year 2013 (Tax Year 2012) Maricopa County Primary Tax Rate at $1.2407 per $100 of net assessed valuation with a levy of $425,111,491. • Fiscal Year 2013 (Tax Year 2012) Flood Control District Secondary Tax Rate at $0.1780 per $100 of net assessed valuation with a levy of $54,584,578. 2. Based on the amount of taxes to be raised by property taxation determined by each governmental entity set forth in the “Maricopa County 2012 Tax Levy Packet” (attached), the Maricopa County Board of Supervisors has calculated the numerical tax rates necessary to raise the requested revenues, and pursuant to the direction of each such government entity, levies the amounts of taxes and sets the resulting tax rates, all as set forth in the “Maricopa County 2012 Tax Levy Packet”, and 3. As required by statute, the Maricopa County Board of Supervisors has calculated, and therefore levies, the amount of taxes and sets the resulting tax rates for specific statutory purposes as set forth in the “Maricopa County 2012 Tax Levy Packet”. 4. Pursuant to ARS §42-18003, the Maricopa County Treasurer is directed to collect taxes as required by law from the persons listed on the tax roll. The County Treasurer is now therefore responsible for collecting the totals of all taxes levied on the roll. 5. Presentation and discussion of the impact of the Board of Supervisors' property tax policies and related future issues. On December 12, 2011, the Board of Supervisors approved the “Budgeting for Results Budget Policy Guidelines,” which established the Board’s direction for development of the FY 2013 budget. The Board of Supervisors adopted the FY 2013 budget on June 18, 2012. The Budget Policy Guidelines called for a flat property tax rate, resulting in a property tax levy of $425,111,491, which is $52 million less than the FY 2012 levy. The FY 2012 property tax levy is a $60,475,682 reduction in taxes pursuant to A.R.S. §42-17107. This tax rate results in a tax bill of $ 137.72 on the median-valued home, which is a $16.75 reduction on the median valued home tax bill from FY 2012 (valued for primary property tax purposes at $111,000 for Tax Year 2012 compared with $124,500 for Tax Year 2011). On December 12, 2011, the Flood Control District of Maricopa County Board of Directors approved the policy guidelines that the Flood Control District used to prepare and submit its budget. The Flood Control District Board of Directors adopted the FY 2013 Budget on June 18, 2012, and pursuant to A.R.S. 48-3620 certified the budget to the Maricopa County Board of Supervisors and presented a copy to the Maricopa County Board of Supervisors and the Maricopa County Treasurer. The Flood Control District Budget Guidelines called for a flat property tax rate, resulting in a property tax levy of $54,584,578, which is almost $8 million less than the FY 2012 levy. This tax rate results in a tax bill of $ 19.76 on the median-valued home, which is a $2.40 reduction on the median valued home tax bill from FY 2012 (valued for secondary property tax purposes at $111,000 for Tax Year 2012 compared with $124,500 for Tax Year 2011). Additional Information: • Budget Guidelines: December 12, 2011 • Tentative Budget Adoption: May 21, 2012 • Public Hearing: June 18, 2012 • Final Budget Adoption: June 18, 2012 (C-49-13-013-2-00)