Pinal assessor says Red Rock project would help property tax situation

property-taxes-2By Douglas Wolf | inMaricopa.com

Property tax rates are receiving much scrutiny after the Pinal County Board of Supervisors was forced to increase revenues.

Four key factors affect our property tax base:

  • Pinal County is the third most populous county in Arizona
  • We have a very small base of commercial property
  • We have one of the lowest median home prices in the state
  • Only 25 percent of the county is taxable land

A large and growing population necessitates high costs for the delivery of services and for increased investments to keep up with the growth. During the housing boom of the last decade, developers were given free rein to put up as many affordable single-family homes as possible. Communities sprouted up overnight with little or no commercial establishments to serve the local population.

Continued:

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