FY23-24 Calculation

Enter data in yellow-shaded cells only.
Truth in Taxation Analysis 
Calculation for Truth in Taxation Hearing Notice pursuant to A.R.S. § 42-17107
Actual current primary property tax levy:
2,716,588
$             
(line F.1. actual levy from prior year's final levy limit worksheet)
Net assessed valuation:  (line C.5. from current year's worksheet)
159,194,667
$         
Value of new construction:
2,914,322
$             
Net assessed value minus new construction:
156,280,345
$         
(line B.5. from current year's levy limit worksheet)
MAXIMUM TAX RATE THAT CAN BE IMPOSED
WITHOUT A TRUTH IN TAXATION HEARING:
1.7383
$                  
Growth in property tax levy capacity associated
with new construction:
50,660
$                  
MAXIMUM PRIMARY PROPERTY TAX LEVY
WITHOUT A TRUTH IN TAXATION HEARING:
2,767,281
$             
Proposed primary property tax levy:
2,817,634
$             
Proposed increase in primary property tax levy,
exclusive of new construction
50,353
$                  
Proposed percentage increase in primary
property tax levy:
1.8%
Proposed primary property tax rate:
1.7699
$                  
Proposed increase in primary property tax rate:
0.0316
$                  
Proposed primary property tax levy
on a home valued at $100,000
176.99
$                  
Primary property tax levy on a home valued
at $100,000 if the tax rate was not raised:
173.83
$                  
Proposed primary property tax levy increase
on a home valued at $100,000:
3.16
$