Phoenix’s Taxes Go Up 1% For Average Homeowner, Even Though Rate Goes Down
The City of Phoenix is lowering the primary property tax rate for 2016 to 2017. Still, overall increases in assessed property values in the city mean most homeowners will pay slightly more.
This year property taxes will increase about 1 percent for the average homeowner, according to a press release from the City of Phoenix. For example, the proposed tax increase will cause the primary property taxes on a $100,000 home to go up from $131.91 to about $133.59, the release said.
The City is required by state law to release its Truth in Taxation notice every time the average primary property tax rises, even when its tax rate falls.
The city’s primary property tax supports services like police and fire, parks and recreation, libraries, senior centers and community centers.
The City has scheduled a public hearing on June 15th to explain its property taxes for next year.