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City of Buckeye Finance Department Truth in Taxation FY2025-26 June 3, 2025 Truth in Taxation Finance 1 State Constitution limits annual levy increase to no more than 2% Truth in Taxation process required per State Statute Truth in Taxation amount to equal $326,794 Truth in Taxation: Public Notice and Purpose Finance 2 Actual City’s Current Primary Property Tax Levy $15,329,552 City Growth In Property Tax Levy by New Construction $1,022,652 City’s Proposed Increase in Property Tax Levy Exclusive of New Construction $326,794 Proposed Primary Property Tax Levy $16,678,998 Maximum Tax Rate without Truth in Taxation Hearing $1.5690 City’s Proposed Primary Property Tax Rate $1.6004 A Home’s Proposed City Primary Property Taxes per $100,000 of Assessed Value $160.04 Truth in Taxation: Primary Assessed Value and Tax Levy Finance 3 $- $2 $4 $6 $8 $10 $12 $14 $16 $18 $- $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 $1,100 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24 FY 24-25 Proposed FY 25-26 Tax Levy in Millions Assessed Value in Millions Primary Net Assessed Value Primary Property Tax Levy Truth in Taxation: Primary Property Tax Levy and Tax Rate Finance 4 $1.8000 1.6077 $1.6004 $1.50 $1.55 $1.60 $1.65 $1.70 $1.75 $1.80 $1.85 $- $2 $4 $6 $8 $10 $12 $14 $16 $18 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24 FY 24-25 Proposed FY 25-26 Millions Primary Property Tax Levy Tax Rate Truth in Taxation: City Primary Property Taxes on a $100,000 Home Finance 5 $0.00 $20.00 $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $180.00 $200.00 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24 FY 24-25 FY 25-26 $180.00 $177.29 $180.00 $173.48 $173.97 $175.54 $166.33 $161.56 $160.77 $160.04 Questions Finance 6 Questions?