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Coconino County sets tentative tax-levy notices; truth-in-taxation hearing scheduled as assessed values rise
Summary
Staff recommended the county use its full allowable levy increase in the general fund and scheduled the statutorily required truth-in-taxation notices and hearing; due to changes in assessed values the recommended tax rate will fall even as the levy rises, which staff said can confuse taxpayers.
Coconino County finance staff told the board they will advance the legal notices for the truth-in-taxation process after the board reviews the recommended tentative budget.
Chief Fiscal Officer Siri Mullaney explained the statutory mechanism: when a county increases the property tax levy over the prior year (even by the allowable 2% growth on property that was already on the roll), state statute requires a notice that the county “is increasing taxes.” Because limited taxable values and new construction are part…
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