YUMA, AZ – The City of Yuma has announced to its residents that it intends to increase its primary property taxes and will hold a public hearing prior to final adoption of the budget.
In accordance with Arizona Revised Statutes, section 42-17107, the City of Yuma is notifying its property taxpayers of the possible increase in its primary property taxes over last year’s level.
According to the City Council, the City is proposing an increase in primary property taxes of US$$611,348 or 4.05%.
For example, the proposed tax increase will cause the City of Yuma’s primary property taxes on a US$100 thousand dollar home to be $217.48 (total proposed taxes including the increase).
Without the proposed increase, the total taxes due on a $100,000 home would have been $209.02, officials noted.
This increase, excludes the increase in primary property taxes received from new construction. The hike is also exclusive of any changes that may occur from property tax levies for voter-approved borrowing under easement or budget conditions and tax overrides.
The City Council noted that all interested citizens are being invited to attend the public hearing on the tax increase to be held during the City Council meeting at 5:30 p.m. on July 19 at City Hall, One City Plaza.
Also during this meeting, a public hearing will be held on the final adoption of the City’s FY 2023-2024 budget.
The proposed FY 2024 budget can be found on the annual budget page of the City’s website, www.yumaaz.gov.