By J. Graber | Daily Independent
The Scottsdale City Council finalized the fiscal year 2023-24 property tax rate with a 6-1 vote during its June 27 meeting.
The primary tax rate, which pays for city operations, is set at $0.515 per $100 of assessed value for next year. That is an increase of $0.018 per $100 of assessed evaluation over this year.
The secondary tax rate, which pays for capital improvement projects, is set at $0.4664 per $100 of assessed evaluation next year. That is an increase of $0.0563 per $100 of assessed evaluation over this year.
That comes to a combined property tax rate of $0.9814, which is an increase of $0.0743 per $100 of assessed evaluation over this year.
That is only the city’s portion of the property taxes homeowners pay. Only about 15% of homeowners’ property taxes go to the city. The rest goes to schools, education and special districts. That is why a typical property tax bill in Scottsdale is somewhere around $2,500.
City Treasurer Sonia Andrews pointed out that Scottsdale’s property tax is the second lowest of all the cities in the Valley.
Read more (subscriber content)
Some stories may only appear as partial reprints because of publisher restrictions.