By Peter Samore | KTAR
The Phoenix City Council is planning to reduce the property tax rate, but that doesn’t mean residents should expect smaller bills.
According to a Truth in Taxation notice published Monday as required by state law, property owners in the city will see an average tax increase of 3% if the proposed change is adopted.
“Because of assessed valuation growth, as well as new construction, the actual levy — what we collect — will actually increase,” Phoenix Budget Director Jeff Barton said.
