The city of Phoenix announced on May 29 its intention to raise primary property taxes for the upcoming fiscal year, with a public hearing scheduled for June 17 at 2:30 p.m. in the City Council Chambers at 200 W. Jefferson St.
According to the notice, Phoenix is proposing an increase in primary property taxes of $6,268,660 or 2.79% over last year’s level. For a home valued at $100,000, this would mean total proposed primary property taxes of $126.52 compared to $123.09 without the proposed increase.
The city clarified that this proposed increase does not include additional revenue from new construction or changes related to voter-approved bonded indebtedness or budget and tax overrides. The notice states that “the accompanying Truth in Taxation notice is required by state law,” and explains that these funds support General Fund services such as police and fire departments, parks and recreation programs, libraries, and senior and community centers.
For fiscal year 2026-27, the city’s proposed primary property tax rate will decrease slightly from $1.2658 per $100 of assessed valuation to $1.2652 per $100; however, increases in assessed valuations are resulting in a higher average tax bill for most residents. The city notes that individual experiences may differ based on unique property variances.
The Truth in Taxation notice applies only to the city’s primary property tax rate and does not address secondary property taxes. The secondary rate is also set to decrease from $0.8141 per $100 of assessed valuation in 2025-26 to $0.7745 for 2026-27; these funds pay debt service for facilities like libraries and public safety buildings.
Information about the Truth in Taxation notice was published on May 29 and June 8 in The Record Reporter as well as included with estimates of revenues and expenses published June 15.
