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Payson council leans toward lowering property tax rate; staff to post notice if needed
Summary
At a March 4 work session the Payson Common Council discussed the town's property tax levy and signaled direction to lower the tax rate to the maximum allowable without triggering a Truth-in-Taxation hearing; staff will publish required notices and return with formal hearing dates.
Payson town staff briefed the Common Council on March 4 on the municipal portion of property taxes and the choices the council must make while preparing next fiscal year's budget.
Why it matters: Town property tax revenue is a small share of total property taxes collected in Gila County; decisions on the levy affect available operating and capital funding for the town budget that council will finalize in May.
Dana (finance director) told the council how property tax dollars are distributed in Gila County: roughly 46% goes to the county, 40% to the school district, about 10% to the community college and roughly 4% to the town. She said the town currently receives about $720,000 annually from the primary property tax.
Dana reviewed rates and choices…
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