Maricopa County Supervisors vote to keep current property tax rate

August 20, 2012

Homeowners in Maricopa County might see their property taxes drop by up to $20, and that means less money for the county. 

The Maricopa County Board of Supervisors voted 4-1 Monday to keep the current property tax rate.

Chairman Max Wilson said the county doesn’t want to increase the burden on taxpayers. But declining property values mean less tax revenue for the county: a decrease of more than $52 million.

Property values have declined steeply in Maricopa County over the last several years. That has led to lower assessed values and lower taxes for most homeowners.

The board's decision applies to the portion of the tax rate controlled by the supervisors. Cities, schools, community colleges and special tax districts make up the rest of the property tax bill.

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