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Payson council adopts 0.2855 property tax levy for fiscal 2025-26
Summary
At a July 9 special meeting, the Payson Common Council adopted Ordinance 971 setting the town's fiscal 2025-26 property tax rate at 0.2855 per $100 of assessed value; projected collections are about $720,000, a roughly $3,000 increase from last year due to higher assessed values.
The Payson Common Council on July 9 adopted Ordinance 971 setting the town's fiscal 2025-26 property tax rate at 0.2855 per $100 of assessed value and approving an estimated $720,000 in property tax collections for the year.
Dana Ohanesian, finance, presented the levy worksheet from the Gila County Assessor and explained how the rate and levy amount were calculated. "Based on that, based on the maximum levy ... the Town anticipates collecting about $720,000 in property tax," Ohanesian said.
The ordinance was considered at a public hearing…
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