Loading...
You are here:  Home  >  Real Estate  >  Current Article

Phoenix property taxes expected to go up despite lower proposed rate

Posted by   /  June 4, 2019  /  No Comments

    Print       Email
Visit Phoenix Photo

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.

READ ON:

    Print       Email

Leave a Reply

You might also like...

As climate risk grows, cities test a tough strategy: Saying ‘no’ to developers

Read More →