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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 convened under ARS 42-17104. Council members voted 7-0 to adopt Ordinance 971 after the hearing; there were no public commenters recorded on the item.
Why it matters: the rate falls from 0.2992 in the prior year to 0.2855, but the town expects slightly higher revenue because total assessed value rose. Ohanesian told the council the total assessed value for the coming year is $252,000,000, up from roughly $240,000,000 the prior year, which produces an estimated $3,000 increase in collections despite the lower rate.
Ohanesian told the council that at its March 4 work session it had directed staff to set the levy at the maximum allowable rate without triggering a separate truth-in-taxation notice. The finance presentation noted the rate shown on the county levy worksheet and the resulting maximum levy amount.
The council opened the public hearing, received the finance presentation, and — with no further council discussion or public testimony recorded — moved to close the hearing and vote. A motion to approve Ordinance 971 was made and seconded; the ordinance passed by a 7-0 vote.
The ordinance sets the property tax levy the town will use in its FY2025-26 budget process; the council and staff noted that assessed values can change each year with sales and new construction, which affects total collections even if the rate is reduced.
Notes: the town's action was described in terms provided by the Gila County Assessor's levy worksheet and the town's staff presentation. The transcript records the statutory citation as ARS 42-17104 and the ordinance identifier as "9 71," shown and recorded in the meeting as Ordinance 971.
