FY21-22 TNT Analysis

Enter data in yellow-shaded cells only.
Calculated data in tan should be used in published notice.
Reference updated language for published notice per Chapter 198 (HB 2286, Laws 2017).
Truth in Taxation Analysis 
Calculation for Truth in Taxation Hearing Notice pursuant to A.R.S. § 42-17107
Actual current primary property tax levy:
2,368,618
$                    
(line F.1. actual levy from prior year's final levy limit worksheet)
Net assessed valuation:  (line C.4. from current year's worksheet)
136,892,780
$                
Value of new construction:
10,051,816
$                  
Net assessed value minus new construction:
126,840,964
$                
(line B.4. from current year's levy limit worksheet)
MAXIMUM TAX RATE THAT CAN BE IMPOSED
WITHOUT A TRUTH IN TAXATION HEARING:
1.8674
$                          
Growth in property tax levy capacity associated
with new construction:
187,708
$                        
MAXIMUM PRIMARY PROPERTY TAX LEVY
WITHOUT A TRUTH IN TAXATION HEARING:
2,556,336
$                    
Proposed primary property tax levy:
2,611,504
$                    
Proposed increase in primary property tax levy,
exclusive of new construction
51,117
$                          
Proposed percentage increase in primary
property tax levy:
2.16%
Proposed primary property tax rate:
1.9077
$                          
Proposed increase in primary property tax rate:
0.0403
$                          
Proposed primary property tax levy
on a home valued at $100,000
190.77
$                          
Primary property tax levy on a home valued
at $100,000 if the tax rate was not raised:
186.74
$                          
Proposed primary property tax levy increase
on a home valued at $100,000:
4.03
$