Pinal County Property Tax Rate and Levy Comparison August 16, 2017 - - PowerPoint PPT Presentation

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Pinal County Property Tax Rate and Levy Comparison August 16, 2017 8/16/2017 1 Pinal County Strategic Plan Strategic Priority #4 Financial Health Strategic Goal Maintain a structural balance while investing in the Countys

SLIDE 1

Pinal County Property Tax Rate and Levy Comparison

August 16, 2017

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SLIDE 2

Pinal County Strategic Plan

Strategic Priority #4 – Financial

Health

Strategic Goal – Maintain a structural

balance while investing in the County’s future and reducing the primary property tax rate

Objective 4.2: Reduce the primary property

tax rate at or below $3.7500 by FY 2020/2021

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SLIDE 3

Where Your Tax Dollars Go

Pinal County Share 25% Cities &Towns 7% School Districts 38% Central Arizona College 16% Other (Special Districts) 14%

On average, the FY 2017-2018 Pinal County portion

f the tax levy is roughly 25 cents of your tax dollar.

This is down from 31 cents in FY 2010-2011.

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SLIDE 4

Prior Year Comparison

FY 2016-2017

Pinal had the 3rd highest primary property tax rate

in the state at $3.8699

Pinal County had the 4th highest combined property

tax rate in the state at $4.1357

Pinal County had the 7th highest primary property

tax levy per capita at $202, which was $21 or 12% higher than the state average

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SLIDE 5

Last Year’s Countywide Average Rates

FY 2016-2017

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County Primary Rate Secondary Rate Total Rate Apache $3.09 $3.08 $6.17 Cochise $10.62 $2.16 $12.78 Coconino $6.15 $3.40 $9.55 Gila $10.57 $2.82 $13.39 Graham $10.87 $1.09 $11.96 Greenlee $3.43 $0.67 $4.10 La Paz $7.97 $2.84 $10.81 Maricopa $8.15 $4.59 $12.74 Mohave $8.25 $2.47 $10.72 Navajo $7.12 $3.69 $10.81 Pima $11.44 $4.47 $15.91 Pinal $11.80 $3.73 $15.53 Santa Cruz $9.31 $3.79 $13.10 Yavapai $7.86 $3.28 $11.14 Yuma $11.29 $2.72 $14.01

AZ State Average FY 16/17 $8.73 $4.22 $12.95 AZ State Average FY 15/16 $8.74 $4.03 $12.77 AZ State Average FY 14/15 $8.75 $3.92 $12.67 AZ State Average FY 13/14 $8.52 $4.02 $12.54 AZ State Average FY 12/13 $7.89 $3.87 $11.75

Source: Arizona Department of Revenue

SLIDE 6

Property Tax Rate Comparison

FY 2017-2018

6 8/16/2017 County % Change from Previous Year Adopted Primary Rate Adopted Secondary Rate Combined Rate Levy per $1.00 of Rate Pima 4% 4.4596 0.8188 5.2784 $ 80,332,885 Santa Cruz 1% 3.8315 0.7663 4.5978 $ 3,133,027 Gila 0% 4.1900 0.2425 4.4325 $ 4,819,913 Pinal 0% 3.8699 0.2658 4.1357 $ 22,259,576 Yuma 1% 2.5016 1.1828 3.6844 $ 11,380,975 Cochise 2% 2.6747 0.4048 3.0795 $ 9,015,505 Mohave 0% 1.9696 0.8236 2.7932 $ 17,024,924 Graham 7% 2.6439 0.1399 2.7838 $ 1,898,253 La Paz 6% 2.4900 0.0000 2.4900 $ 2,045,790 Yavapai

1.8395 0.4161 2.2556 $ 24,326,851 Apache 4% 0.5857 1.0553 1.6410 $ 4,527,007 Maricopa 0% 1.4009 0.2348 1.6357 $ 377,268,159 Navajo 2% 0.8903 0.6300 1.5203 $ 7,821,900 Coconino

0.5678 0.9056 1.4734 $ 13,778,974 Greenlee 12% 0.6941 0.4500 1.1441 $ 3,562,364 State Average FY 17/18 2.3073 0.5558 2.8630 $ 39,095,662 State Average FY 16/17 2.2652 0.5348 2.8000 $ 37,945.949 State Average FY 15/16 2.2567 0.5466 2.8034 $ 36,717,673

Note: Secondary rates include those that are countywide and controlled by the Board of Supervisors. Effort was made to keep consistency, however, it is important to note that secondary levies vary in purpose.

SLIDE 7

Adopted Primary Levy per Capita

FY 2017-2018

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*Improved efficiency significantly since 2010-11 from $272 per capita to $210 per capita in FY 2017-2018, a 23% reduction. County Adopted Levy County Total Population Adopted Primary Levy Per Person Apache $ 2,704,928 72,131 $38 Coconino $ 9,360,359 142,560 $66 Navajo $ 7,310,322 110,413 $66 Maricopa $ 535,870,745 4,137,076 $130 Yuma $ 28,871,277 217,730 $133 Graham $ 5,091,878 38,303 $133 Mohave $ 34,266,148 205,764 $167 Cochise $ 24,420,089 128,343 $190 Yavapai $ 45,309,644 220,189 $206 Pinal $ 86,648,116 413,312 $210 La Paz $ 5,094,018 21,247 $240 Santa Cruz $ 12,208,536 50,581 $241 Greenlee $ 3,061,861 10,433 $293 Pima $ 360,110,814 1,013,103 $355 Gila $ 20,195,437 54,333 $372 Average $189

SLIDE 8

Primary Net Assessed Value per Capita

FY 2017-2018

County NAV County Total Population NAV (primary) Per Capita Graham $192,589,659 38,303 5,028 Yuma $1,154,112,448 217,730 5,301 Pinal $2,239,027,262 413,312 5,417 Santa Cruz $318,635,939 50,581 6,300 Apache $461,828,240 72,131 6,403 Cochise $913,002,916 128,343 7,114 Navajo $821,107,717 110,413 7,437 Pima $8,074,957,709 1,013,103 7,971 Mohave $1,739,751,607 205,764 8,455 Gila $481,991,337 54,333 8,871 Maricopa $38,251,891,284 4,137,076 9,246 La Paz $204,579,036 21,247 9,629 Yavapai $2,463,149,986 220,189 11,187 Coconino $1,648,530,997 142,560 11,564 Greenlee $441,126,783 10,433 42,282

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SLIDE 9

Historical Assessed Valuation

Fiscal Year Primary % Change Assessed Valuation FY 2006-07 1,472,159,592 21.37% FY 2007-08 1,908,801,658 29.66% FY 2008-09 2,473,499,660 29.58% FY 2009-10 2,880,552,087 16.46% FY 2010-11 2,546,948,819

11.58%

FY 2011-12 2,160,151,166

15.70%

FY 2012-13 2,153,783,739

0.29%

FY 2013-14 1,988,882,373

7.66%

FY 2014-15 2,005,151,766 0.82% FY 2015-16 2,057,547,529 2.61% FY 2016-17 2,119,750,930 3.02% FY 2017-18 2,239,027,262 5.63%

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SLIDE 10

Historical Primary Property Tax Levies

Fiscal Year Tax Rate Tax Levy Variance Population FY 06-07 $4.4532 $65,558,211 304,889 FY 07-08 $4.1442 $79,104,558 $13,546,347 333,977 FY 08-09 $3.5614 $88,091,217 $8,986,659 358,190 FY 09-10 $3.3575 $96,714,536 $8,623,319 364,995 FY 10-11 $3.9999 $102,487,281 $5,772,745 376,369 FY 11-12 $3.9999 $86,403,886 ($16,083,394) 384,231 FY 12-13 $3.7999 $81,841,628 ($4,562,258) 389,192 FY 13-14 $3.7999 $75,575,541 ($6,266,087) 393,813 FY 14-15 $3.7999 $76,193,762 $618,221 396,237 FY 15-16 $3.9999 $82,299,844 $6,106,082 406,468 FY 16-17 $3.8699 $82,032,241 ($267,603) 413,312 FY 17-18 $3.8699 $86,648,116 $4,615,875 413,312

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SLIDE 11

Primary Property Tax Rate Comparison

FY 2017-2018

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*In FY 2010-2011, Pinal County taxed 100% of the max allowable rate and has since decreased by 37%. County Max Allowable Rate Adopted Primary Rate % of Maximum Rate Adopted Levy per $1.00

f Primary Rate

Pinal 6.1350 3.8699 63% $22,390,273 Gila 6.5640 4.1900 64% $4,819,913 Greenlee 1.0409 0.6941 67% $4,411,268 Cochise 3.9018 2.6747 69% $9,130,029 Santa Cruz 4.9248 3.8315 78% $3,186,359 Maricopa 1.7884 1.4009 78% $382,518,913 Mohave 2.4991 1.9696 79% $17,397,516 Yavapai 2.2531 1.8395 82% $24,631,500 Pima 5.1755 4.4596 86% $80,749,577 Yuma 2.6767 2.5016 93% $11,541,124 Graham 2.8252 2.6439 94% $1,925,897 Coconino 0.5678 0.5678 100% $16,485,310 Apache 0.5857 0.5857 100% $4,618,282 Navajo 0.8903 0.8903 100% $8,211,077 La Paz 2.4900 2.4900 100% $2,045,790

SLIDE 12

Rankings by 2015 Per Capita Personal Income and Change Over Time

Ranked by 2015 Per Capita Personal Income How County Rankings Have Changed County 2015 2001 2007 2012 2013 2014 1

Maricopa

$42,092 Maricopa Maricopa Maricopa

Maricopa Maricopa

Coconino

$41,018 Pima Pima Cochise

Greenlee Coconino

Pima

$38,536 Coconino Coconino Pima

Pima Greenlee

Cochise

$38,133 Yavapai Cochise Coconino

Cochise Pima

Greenlee

$37,240 Cochise Greenlee Gila

Coconino Cochise

Gila

$36,066 Gila Yavapai Greenlee Gila Gila 7

Yavapai

$35,545 Greenlee Gila Yavapai Yavapai Yavapai 8

Santa Cruz

$33,646 Mohave Mohave La Paz La Paz Santa Cruz 9

Yuma

$31,574 Pinal Yuma Santa Cruz Mohave La Paz 10

La Paz

$29,963 Yuma La Paz Mohave Santa Cruz Graham 11

Graham

$29,731 Santa Cruz SantaCruz Yuma Graham Yuma 12

Apache

$29,597 La Paz Pinal Navajo Yuma Apache 13

Mohave

$29,505 Apache Graham Graham Navajo Mohave 14

Navajo

$29,132 Navajo Navajo Apache Apache Navajo 15

Pinal

$27,682 Graham Apache Pinal Pinal Pinal

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Sources: University of Arizona Economic and Business Research Center/Bureau of Economic Analysis; Bureau of Economic Analysis/US Department of Commerce

SLIDE 13

Tax Levy per Income

FY 2010-2011
Pinal County had the 2nd highest primary property tax

levy burden as a % of personal income in the state at 1.16%

In the same year, Pinal County had the lowest income

per capita in the state

FY 2017-2018
Based on income in calendar year 2015 (most recent

available data), Pinal County is the 6th highest primary property tax levy burden as a % of personal income in the state at .77%.

The state total is .44%

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SLIDE 14

FY 2017-2018 Summary Comparison

Pinal County has the 3rd highest primary property tax

rate in the state at $3.8699.

Pinal County has the 4th highest combined property tax

rate in the state at $4.1357.

Pinal County’s primary property tax levy per capita at

$210, which is $21 or 11% higher than the state average.

Pinal County has the lowest income per capita in the

state at 41% lower than the state as a whole.

Pinal County has the 6th highest primary property tax

burden as a % of 2015 personal income at .77%.

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