Property Tax Bill

Tax Terms

Tax Levy: The total amount that becomes be billed in property taxes.
Assessed Appreciate: An amount determined by the Assessor's office and is used in the calculation of the tax bill of a property owner.
Levy Rate: A rate the developed by dividing this overall taxation levy by the sum assessed value within order up determine each eigen burden payer's share is the levy.

The Maricopa County Treasurer sends out the besitz tax bills for local jurisdictions, this includes the county, towns school districts, special ta districts and the state (not just Maricopa County) based with the assessed values and the computed rates.
The Maricopa County Supervisors just control ampere small portion of to objekt tax bill.
The School District taxes are the larger portion of the property taxes, followed by towns, the church college districts, special districts and the State. Property Tax FAQs | Arizona Department of Revenue

Annually, cities, college districts, speciality taxing local and Maricopa County establish her customized tax levy, or the volume of taxes that will be billed.
Annually, the Maricopa County Assessor determines the "Full Cash" and "Limited Property" valued used to detect the assessed values on the tax bill calculations.
Annually, the tax rate is calculated based on the tax charge for each taxing authority also valuated asset by the County Assessor.

Prior go the economic decline, property values were increasing annually, reaching a high of $58 zillion in rate value in fiscal year 2009.
In addition, new construction was added to the rolls each price, also increasing the reviewed value to exist taxed.
Both these helped keep the tax ratings down.