Tax Notice Explained
The accompanying Truth in Taxation notice is required by state law. The required notice addresses the City’s primary property tax, which supports the General Fund services such as police and fire, parks and recreation, libraries and senior and community centers.
The City of Phoenix’s proposed primary property tax rate for 2023-24 of $1.2851 per $100 of assessed valuation is reduced from its 2022-23 rate of $1.2989 per $100 of assessed valuation. However, overall increases in assessed valuation result in a 2% increase in primary property taxes for the average City of Phoenix property owner. Individual experiences may differ based on unique property variances.
State law requires the notice below any time the average primary property tax bill increases, even if the primary property tax rate is reduced.
The Truth in Taxation notice prescribed by state law does not address the City’s secondary property tax. The City’s secondary property tax rate for 2023-24 will be unchanged from its 2022-23 rate of $0.8141 per $100 of assessed valuation. Secondary property taxes pay the bonded debt service for facilities like libraries, police and fire stations, storm drains and parks.
For more information, call 602-262-4800, or visit phoenix.gov/budget.