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News BYTES: New FY 2022-23 Scottsdale property tax levies reported

Photo of Housing Construction Project in Queen Creek
From City Hall to Main Street, the actions of elected leaders in Scottsdale have effects on the local economy through actions like the levy of primary and secondary property tax rates. (Photos: Arianna Grainey/
Staff Reports | Digital Free Press

Scottsdale City Council has set new primary, secondary and combined property tax rates for fiscal year 2022-23.

Following its June 7 “Truth in Taxation” hearing, Scottsdale City Council approved the new fiscal year property tax rates at its June 21 regular meeting at City Hall, 3939 N. Drinkwater Blvd.

Across the Grand Canyon State, cities and towns use primary property tax remits to help fund General Fund operations like essential services like police and fire departments. Secondary rates used for the sole purpose of paying back general obligations or “GO” bonds back through the municipal bond markets.

As reported by Judy Doyle, Scottsdale budget director, combined tax levy — the aggregate of the primary and secondary levies — for this upcoming fiscal year will decrease approximately $3.66 million, going from $70.14 million this fiscal year to $66.48 million beginning July 1, 2022.

Based on the combined rate, Ms. Doyle reports to City Council, an owner of a home with a Maricopa County Assessor’s real property assessed value of $100,000 will pay approximately $90.71 in municipal property taxes, applying the proposed combined property tax rate.

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