FY 25-26 TNT Analysis.pdf

City Of Buckeye
Truth in Taxation Analysis for FY 25-26 Proposed Levy 
Line
Data Source
Formula
Line
Calculation
1
Actual current primary property tax levy:
1
15,329,552
          
2
Net assessed valuation:
Levy Limit Worksheet Line C.5
2
1,042,176,827
     
3
VALUE OF NEW CONSTRUCTION:
Line 2 - Line 4
3
65,176,782
$        
4
Net assessed value minus new construction:
Levy Limit Worksheet Line B.5
4
977,000,045
        
5
MAXIMUM TAX RATE THAT CAN BE IMPOSED
WITHOUT A TRUTH IN TAXATION HEARING:
(Line 1 ÷  Line 4) x 100
5
1.5690
$               
6
GROWTH IN PROPERTY TAX LEVY CAPACITY
ASSOCIATED WITH NEW CONSTRUCTION:
(Line 5 x Line 3) ÷ 100
6
1,022,652
$          
7
MAXIMUM PRIMARY PROPERTY TAX LEVY
WITHOUT A TRUTH IN TAXATION HEARING:
Line 1 + Line 6
7
16,352,204
$        
8
Proposed primary property tax levy:
Levy Limit Worksheet Line D.8
8
16,678,998
$        
9
PROPOSED INCREASE IN PRIMARY PROPERTY TAX
LEVY, EXCLUSIVE OF NEW CONSTRUCTION:
Line 8 - Line 7
9
326,794
$             
10
PROPOSED % INCREASE IN PRIMARY
PROPERTY TAX LEVY:
Line 9 ÷ Line 7
10
2.00%
11
PROPOSED PRIMARY PROPERTY TAX RATE:
(Line 8 ÷ Line 2) x 100
11
1.6004
$               
12
PROPOSED INCREASE IN PRIMARY PROPERTY TAX RATE:
Line 11 - Line 5
12
0.0314
$               
13
PROPOSED PRIMARY PROPERTY
TAX LEVY ON A HOME VALUED AT $100,000:
(Line 11 x 10,000) ÷ 100
13
160.04
$               
14
PRIMARY PROPERTY TAX LEVY ON A HOME VALUED
AT $100,000 IF THE TAX RATE WAS NOT RAISED:
(Line 5 x 10,000) ÷ 100
14
156.90
$               
15
PROPOSED PRIMARY PROPERTY TAX LEVY
INCREASE ON A HOME VALUED AT $100,000:
Line 13 - Line 14
15
3.14
$                   
FY 25-26 TNT Analysis FY 25-26 5/6/2025
3
FY 25-26