Maricopa County property owners will see their tax bills drop slightly in 2013-14 after the Board of Supervisors voted to keep the tax rate at or below last year’s.
Monday’s unanimous vote leaves the rate at $1.46 per $100 of assessed value.
The move will cut property taxes throughout the county by $32.9 million. The annual bill on a home valued at $102,000 – the county median — will drop $13.63, stated county spokesman Richard De Uriarte in a written release.
Property-tax calculations are based on two-year-old (2010) assessments, set during a low point in the housing market recession. Property valuations are rising in the most recent calculations, Mr. De Uriarte pointed out.
