By Dustin Gardiner | The Arizona Republic
After seeing their property-tax bills shrink for years — and then slowly start to grow again — Phoenix homeowners could face a more significant tax increase in the coming year, the first possible rate increase in about two decades.
For the majority of homeowners, city property taxes decreased starting in the 2010-11 fiscal year. Phoenix effectively lowered taxes by keeping its tax rate steady as home values plummeted during the Great Recession. Since the tax is based on home valuations, collections dropped.