After getting a cautious report on a Valley economy “a little weaker than we hoped for,” the Maricopa County Board of Supervisors voted Monday to keep the property tax rate the same.
The action will result in a $52.5 million drop in property taxes countywide. The vote was four-to-one with Supervisor Mary Rose Wilcox dissenting.
This action impacts the portion of the tax rate controlled by the supervisors.
The primary tax rate of $1.24 per $100 of assessed valuation is the same as last year and will generate $52.5 million less in tax revenues.
The county’s property values have declined steeply in recent years, resulting in lower assessed valuations and lower taxes for most residents.
According to county officials, owners of a median valued home in Maricopa County (assessed at $111,000) should see a decrease of $16.75 in their primary tax bill.
Supervisors also voted to keep the rates of county-controlled special districts for library and flood control at the current rates of $.178 and $.0492 per $100 of assessed value.
The county supervisors control about 12 percent of the total property tax bill. Other jurisdictions, including the cities, special districts, schools and community colleges, make up the rest.
When added to the primary levy reductions, the homeowner of a median home should see a combined decrease of $19.82, from $182.76 to $162.94.
Supervisor Mary Rose Wilcox voted against the proposal, which she said would not benefit taxpayers much, $20 a year “a cup of coffee each month” but would hurt county revenues and service, especially in upcoming years.
The supervisors set the property tax rate after hearing a mixed economic forecast from Jim Rounds, of Elliott D. Pollack & Company, an economic consultant, who recommended patience and continued “conservative budgeting.”
Deputy County Manager Sandi Wilson described the budget “as a conservative budget.”
• Briefs compiled from staff and wire reports