Supervisors approve tax rates; Prescott property owners to see decrease
COTTONWOOD — Primary and secondary tax rates across Yavapai County will see both increases and decreases in fiscal year 2018-19, after the Yavapai County Board of Supervisors unanimously approved the county’s rates Wednesday, Aug. 15.
This increases and decreases are based on each community’s net assessed valuation, Yavapai County Assessor Judd Simmons said Wednesday after the board’s approval of the tax rates at the county’s Administrative Services Verde Valley complex in Cottonwood. In Prescott, for example, property owners will pay 4 percent less than a year ago, while in Jerome, property owners will pay 5 percent less. In Clarkdale, they will pay 1 percent less.
What most county residents may not realize is that a portion of the City of Peoria is in Yavapai County, Simmons said.
That part of Peoria, located near Lake Pleasant, will see its property owners pay 53 percent more for the primary tax rate, and 8 percent less for the secondary tax rate.
In total dollars, Peoria’s total levy in Yavapai County is $1,535. In Prescott, the levy is $1,748,005.
COMPARISONS, TAX RATES FROM LAST YEAR TO THIS YEAR
No change with the Camp Verde Fire District’s secondary rate, as $3.25 will again be the rate for 2018-19, based on a net assessed valuation of more than $65 million. But Montezuma-Rimrock will see a 36-percent decrease, from $5.0468 to $3.25 on a net assessed valuation of more than $25 million.
Central Yavapai Fire District will see a 1-percent increase in its secondary tax rate, from $2.5598 to $2.5965, based on $636,609,662. But Central Yavapai can boast a 6-percent decrease on its bond debt service as its rate goes from $0.2188 to $0.2064.
The county’s General Fund rate decreases by 3 percent, going from $1.8395 to $1.7788, with a total levy of $46.24 million on a net assessed valuation of almost $2.6 billion.
The county’s School Equalization Fund rate will decrease 3 percent, from $0.4875 to
$0.4741, with a $12,324,409 total levy.
And, the county’s Fire District Contribution Fund rate is going without a change, $0.10, but the county’s Free Library and Flood Control districts’ rates decrease by 5 and 7 percent, respectively, from $0.1815 to $0.1720 for the Library District and from $0.2346 to $0.2188 for the Flood Control District.
EDUCATION TAX RATES
On a $1,132,927 levy, a 5-percent decrease in the primary tax rate is scheduled for Beaver Creek School District, from $4.5457 to $4.3284. Beaver Creek will see a 2-percent decrease for the district’s Bond Debt Service Fund rate, from $1.2381 to $1.2184, on a $318,895 levy.
But Camp Verde Unified School District’s primary tax rate – also known as a General Fund rate – will increase by 3 percent, from $4.3089 to $4.444 on a $3,286,630 levy. The Camp Verde school district’s secondary tax paid in partnership with the career and technical education program, Valley Academy of Career and Technology Education, will not change from a year ago, $0.0500 on a $36,973 levy.
On a $1,032,985 levy, Clarkdale-Jerome School District’s General Fund rate decreases by 5 percent from $2.0656 to $1.9697, and its secondary tax rate – an override – shows a 1-percent increase, from $0.4933 to $0.496 on a $260,441 levy.
Cottonwood-Oak Creek School District will see a minuscule decrease to its General Fund rate, as it goes from $2.0810 to $2.0709 on a $4,789,866 levy, and a less than minuscule increase in its secondary tax rate – an override – from $0.4682 to $0.4691 on a $1,085,050 levy.
The Cottonwood-Oak Creek district’s Bond Debt Service Fund rate decreases 4 percent, from $0.4820 to $0.4695 on a $1,067,399 levy, while Mingus Union High School District’s General Fund rate decreases by 2 percent, from $2.0247 to $1.9843 on a $5,630,207 levy.
Two of the Mingus Union district’s secondary tax rates – the Override Fund and Bond Debt Service – both increase for FY 2018-19, with the Override Fund rate increasing by 5 percent, going from $0.2374 to $0.2484 on a $704,800 levy, and the Bond Debt Service rate increasing by 16 percent, from $0.5706 to $0.6635 on a $1,882,580 levy. Mingus Union’s third secondary tax rate paid in partnership with Valley Academy – also known as VACTE – will not change from a year ago, $0.0500 on a $141,869 levy.
Prescott Unified School District will see a 6-percent increase to its General Fund Rate, from $2.4919 to $2.6337.
But the Prescott school district’s Override Fund tax rate will decrease by 6 percent, as it goes from $0.1161 to $0.1088. Prescott Unified will see a slight increase in its Bond Debt Service tax rate, from $0.1316 to $0.1320 on a $1,180,147 levy. On a $446,952 levy, Prescott Unified will see no change to the tax rate for its career and technical education partnership, Mountain JTED.
For a complete list of the county’s tax rates for fiscal year 2018-19, visit http://aq.co.yavapai.az.us/docs/2018/BOS/20180815_693/11478_2018-2019%20taxrates.pdf.
Bill Helm is a reporter and photographer for the Camp Verde Bugle and Verde Independent newspapers.