In compliance with the Arizona Revised Statutes, the city of Peoria is notifying its property taxpayers of Peoria’s intention to raise its primary property taxes over last year’s level. Peoria is proposing an increase in primary property taxes of $181,916 or 6.02 percent.

For example, the proposed tax increase will cause Peoria’s primary property taxes on a $100,000 home to increase from $17.92 to $19.00.

This proposed increase is exclusive of increased primary property taxes received from new construction. The increase is also exclusive of any changes that may occur from property tax levies for voter approved bonded indebtedness or budget and tax overrides.

All interested citizens are invited to attend the public hearing on the tax increase that is scheduled to be held on 7 p.m. June 16 in the Peoria City Council Chamber, 8401 W. Monroe St. This news release meets requirements for public notification under state law.

Note that city of Peoria primary property tax rates have not changed, nor are they expected to change with adoption of the budget for the next fiscal year. The increase in total property tax collected is due to increased property valuation within the city.