Vote: approved

Item Text

L-1. LIBRARY DISTRICT FY 2013 SECONDARY PROPERTY TAX LEVY Pursuant to A.R.S. §48-3903, the Maricopa County Library District Board of Directors resolves that, based on the FY 2013 budget it has adopted for the Maricopa County Library District, it fixes and determines the amount to be raised from secondary property taxation and the Tax Year 2012 tax rate for the Maricopa County Library District at $0.0492 per $100 of net assessed valuation with a levy of $16,925,024. On December 12, 2011 the Maricopa County Library District Board of Directors approved the policy guidelines that the Library District used to prepare and submit its budget. The Board of Directors adopted the FY 2013 budget on June 18, 2012, and pursuant to A.R.S. §48-252 presented a copy to the Maricopa County Board of Supervisors and the Maricopa County Treasurer. While the Library District Budget Guidelines called for a flat property tax rate, resulting in a property tax levy of $16,925,024 which is $2 million less than the FY 2012 levy. This tax rate results in a tax bill of $5.46 on the median-valued home, which is a $0.67 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). (C-49-13-014-2-00)