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Board hears M&O override tax estimate; brochure shows lower per-household cost than 2021
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Summary
Board members reviewed a proposed continuation M&O override and an updated voter pamphlet estimate showing a lower per-household tax impact (about $66.75/year for the average assessed home) because assessed values and enrollment have changed since 2021.
Fountain Hills Unified School District trustees received an update on a proposed 15% maintenance and operations (M&O) override and the voter pamphlet figures the district will provide to residents.
Speaker 4, citing work with Stifel, said the pamphlet for the 2021 override used an average limited property value (LPV) of $369,490 and an estimated override tax rate of $0.2316 per $100 of assessed valuation. Stifel’s updated estimate, Speaker 4 said, reflects higher housing values and lower student counts; the example for an average assessed home was recalculated to about $0.15 per $100, yielding roughly $66.75 per year (about $5.56 per month) for the representative home in the brochure (SEG 1169–1178; SEG 1228–1230).
