FY24-25 Calculations

Truth in Taxation Analysis 
Calculation for Truth in Taxation Hearing Notice pursuant to A.R.S. § 42-1710
Actual current primary property tax levy:
2,822,521
$            
(line F.1. actual levy from prior year's final levy limit worksheet)
Net assessed valuation:  (line C.5. from current year's worksheet)
179,507,582
$        
Value of new construction:
11,189,025
$          
Net assessed value minus new construction:
168,318,557
$        
(line B.5. from current year's levy limit worksheet)
MAXIMUM TAX RATE THAT CAN BE IMPOSED
WITHOUT A TRUTH IN TAXATION HEARING:
1.6769
$                 
Growth in property tax levy capacity associated
with new construction:
187,629
$               
MAXIMUM PRIMARY PROPERTY TAX LEVY
WITHOUT A TRUTH IN TAXATION HEARING:
3,010,163
$            
Proposed primary property tax levy:
3,070,298
$            
Proposed increase in primary property tax levy,
exclusive of new construction
60,135
$                 
Proposed percentage increase in primary
property tax levy:
2.0%
Proposed primary property tax rate:
1.7104
$                 
Proposed increase in primary property tax rate:
0.0335
$                 
Proposed primary property tax levy
on a home valued at $100,000
171.04
$                 
Primary property tax levy on a home valued
at $100,000 if the tax rate was not raised:
167.69
$                 
Proposed primary property tax levy increase
on a home valued at $100,000:
3.35
$