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City of Buckeye Finance Department Truth in Taxation FY2027 June 2, 2026 Truth in Taxation State Constitution allows the City Primary Property Tax Levy to annually increase 2%, plus new construction State Constitution allows the City Primary Property Tax Levy to annually increase 2%, plus new construction The picture can't be displayed. The picture can't be displayed. Truth in Taxation process required per State Statute. Truth in Taxation process required per State Statute. A Constitutional Primary Property Tax Levy increase of 2%, net of new construction, equals $357,396. A Constitutional Primary Property Tax Levy increase of 2%, net of new construction, equals $357,396. The picture can't be displayed. The picture can't be displayed. The picture can't be displayed. The picture can't be displayed. Public Notice and Purpose Public Notice and Purpose Amount Actual City’s Current Primary Property Tax Levy $16,678,998 City Growth In Property Tax Levy by New Construction $1,172,250 City’s Proposed Increase in Property Tax Levy Net of New Construction $357,396 Proposed Primary Property Tax Levy – Constitutional Maximum $18,208,644 Truth in Taxation Maximum Tax Rate $1.5262 City’s Proposed Primary Property Tax Rate- Constitutional Maximum $1.5568 A Home’s Proposed City Primary Property Taxes per $100,000 of Assessed Value $155.68 Truth in Taxation Primary Property Taxes 1.8877 $1.6077 $1.6004 $1.5568 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $- $2 $4 $6 $8 $10 $12 $14 $16 $18 $20 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Projected FY2026 Proposed FY2027 Millions Primary Property Tax Levy Tax Rate Truth in Taxation Primary and Secondary Property Tax Levy - $2.25 Combined Tax Rate $0.00 $0.25 $0.50 $0.75 $1.00 $1.25 $1.50 $1.75 $2.00 $2.25 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Projected FY2026 Proposed FY 2027 Primary Rate Secondary Rate Truth in Taxation City Primary Property Taxes on a $100,000 Home $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 $180.00 $178.90 $176.70 $170.48 $165.13 $160.77 $160.04 $155.68 QUESTIONS?