(Source: HavasuNews): Brandon Messick
A previous proposal would have put Mohave County at the lead for property tax hikes next year, according to a report by the Arizona Tax Research Association, but such an increase isn’t likely according to local officials.
Most Arizona counties are recommending property tax increases this year, as county supervisors throughout the state begin adopting FY 2018 budgets. Mohave County has struggled to reach a consensus on a property tax plan. One plan that was previously proposed would have raised property taxes by as much as $11 million, or about $0.52 per $100 of assessed value. On a $300,000 house, that would equal an annual increase of about $156. Other plans floated to board members have called for increases ranging from $0.26 to $0.10.
With County Supervisor Steve Moss’ recent resignation, it’s unlikely that a property tax increase will find support on the board when they vote on a budget next month.
“In some of Mohave County’s less desirable areas, property values are decreasing,” Kentch said. “But countywide, we expect values to increase by about 3 percent. Experts say they’re expecting the upward trend to continue over the next five years, which is a good thing. It means the economy is getting better.”
Mohave County supervisors first considered the 52-cent increase to the county’s primary tax rates, but because of statutes under Arizona’s Truth in Taxation laws, such an increase would require a unanimous vote from the Mohave County Board of Supervisors. According to Supervisor Buster Johnson, such a unanimous decision will not happen.
Johnson says the county would be better off sticking to fiscal conservatism instead of raising taxes.
“Obviously, we need to stop spending outside of our budget, and we need to stop accumulating debt,” he said.
Despite higher proposed property taxes on the level of Mohave County, Lake Havasu City has proposed a reduction in its property tax levy rate to coincide with rising property values. The city for the past decade has adjusted its levy rate to maintain a steady collection plus new construction.