Tax rates lower in new city budget
City Manager Gregory Rose presenting to the Maricopa Council.
In a late-night push the Maricopa City Council passed the first draft of the city’s 2017-18 budget Tuesday, including a decrease in taxes.
After a lengthy presentation by city manager Gregory Rose and an intricate discussion across the dais, council members unanimously approved the “balanced” budget. Among other things, it will lower the secondary property tax rate for Maricopa property owners from $1.69 to $1.40 for $100 of assessed valuation.
City officials deemed the decrease to be possible in light of an increase in home values as well as an increase in home sales.
