The Pinal County Board of Supervisors has set property tax rates for the new fiscal year, as required on the third Monday in August. As always, some of them are up and some down.
The rates basically are determined by the governing authority of each entity that has a property tax, based on their budget and the assessed value of property in that jurisdiction. Some of them go up or down because of unusual circumstances. Overall, they tend to balance each other out. However, since the value of most property has been rising, a rate cut helps to equalize things for property owners.
This process is not well understood by many people, and some of them do not realize that the Board of Supervisors does not control the overall taxation. However, the board has continued a trend in reducing the county’s own part of the property tax bill, this time by six cents per $100 net assessed valuation. That followed four-cent cuts in recent years. That is a good thing, as the county traditionally had been relatively highly taxed for various reasons. Growth has helped the situation.
— Donovan Kramer Jr.