2021 Levy Limit Worksheet

2021 LEVY LIMIT WORKSHEET
MARICOPA COUNTY     -     CITY OF EL MIRAGE
MAXIMUM LEVY 
2020
A.1.  Maximum Allowable Primary Tax Levy
$2,372,320
A.2.  A.1 multiplied by 1.02
$2,419,766
CURRENT YEAR NET ASSESSED VALUE
SUBJECT TO TAXATION IN PRIOR YEAR
2021
B.1.  Centrally Assessed
$8,974,823
B.2.  Locally Assessed Real Property
$112,492,908
B.3.  Locally Assessed Personal Property
$5,373,233
B.4.  Total Assessed Value (B.1 through B.3)
$126,840,964
B.5.  B.4. divided by 100
$1,268,410
CURRENT YEAR NET ASSESSED VALUES
2021
C.1.  Centrally Assessed
$9,209,486
C.2.  Locally Assessed Real Property
$120,066,290
C.3.  Locally Assessed Personal Property
$7,617,004
C.4.  Total Assessed Value (C.1 through C.3)
$136,892,780
C.5.  C.4. divided by 100
$1,368,928
LEVY LIMIT CALCULATION
2021
D.1.  LINE A.2 
$2,419,766
D.2.  LINE B.5
$1,268,410
D.3.  D.1/D.2 (MAXIMUM ALLOWABLE TAX RATE)
1.9077
D.4.  LINE C.5
$1,368,928
D.5.  D.3 multiplied by D.4 = MAXIMUM ALLOWABLE LEVY LIMIT
$2,611,504
D.6.  Excess Collections/Excess Levy
D.7.  Amount in Excess of Expenditure Limit
D.8.  ALLOWABLE LEVY LIMIT  (D.5 - D.6 - D.7)
$2,611,504
2021 New Construction
$10,051,816
Prior year actual levy (from line F.1 of the 2020 worksheet)
$2,368,618
Divided by current values excluding new construction per line B.5
$1,268,410
Truth in Taxation Rate
1.8674
If the proposed tax rate is greater than the Truth in Taxation Rate noted above, a truth 
in taxation hearing must be held. If the proposed levy, excluding new construction, is 
equal to 15% or more, the motion to levy the increase must be approved by a 
unanimous roll call vote. (see A.R.S. § 42-17107 )