Property tax rate to decrease for 2nd straight year
by Jay Taylor | inMaricopa
City Manager Rick Horst often speaks of doing more with less, which allows the city council and staff to stretch their budgets and give taxpayers more bang for their buck.
Proof of that fiscal philosophy can be seen in the city’s draft budget for the coming fiscal year. The city will cut taxes for the second consecutive year and wind up with a budget surplus of more than $7 million.
But while the city is decreasing the property tax rate, homeowners still should expect to pay more in property taxes due to the huge rise in the value of homes in the city over the past year. The tax cut will mitigate that increase, however.
