Property Taxes Fall For 81% in Valley...

Property taxes fall for 81% in Valley, from the Arizona Republic, reports that according to the county Treasurer, 756,341 property owners will see lower property taxes this coming year, in spite of the big run up in property values we saw in 2006. 182,373 will see increases in their property taxes. One reason is that the tax bills come 18 months after property tax assessments-- which means the assessments were before the big run up. Second, in fast-growing communities, the cost of city school and special assessment districts is spread out among more taxpayers, which happened here locally. Fountain Hills saw one of the biggest property tax drops at 10 percent. On the other end, Buckeye saw property taxes increase 9 percent and Queen Creek up 8 percent. Don't count on the good news to last as the next assessments will reflect the rise in property values.

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