Pinal Partnership Logo

Pinal Board of Supervisors Sets Tax Rates / Approves Bond Sales

by | Jun 28, 2019 | Government

Pinal Board of Supervisors Sets Tax Rates / Approves Bond Sales

$64 million approved to construct new county building complexes

by Dana Trumbull | The Apache Junction & Gold Canyon News

The Pinal County Board of Supervisors (BOS) meeting on June 19, 2019, covered two primary topics: collecting and spending taxpayer dollars. Agenda items included setting the annual tax rates, approving the 2019-2020 budget and determining the amount of general obligation bonds to be sold to fund new county construction and remodeling projects.

Tax Rates and Budget

After holding the requisite public hearings, the BOS approved maintaining the current tax rates for the Library District (.0965%) and Flood Control District (.1693%) and lowering the Pinal County property tax rate from $3.83 to $3.79 per $100 of assessed value for Funding Year 2019-2020.

Property assessed values, however, have increased over the last year. With the tax rates applied to increased values, the tax levy (the dollar amount collected from property owners) in all three categories discussed will be higher than the current year. According to County Manager Greg Stanley, the increase in valuation of existing properties was $105.5 million (increase of 4.48%). New construction in Pinal County has seen 2.56% growth, netting a valuation of $60 million.

Continued: