Residents of Gilbert, get ready to voice your opinions on your property taxes. The Gilbert Town Council has scheduled two public hearings to discuss the proposed fiscal year 2024-2025 property tax levy, which stands to remain at a rate of $.9800 per $100 of assessed property value – the same rate as the current fiscal year. The council will not introduce a primary property tax but will consider maintaining the secondary property tax, according to the Town of Gilbert.
This secondary tax is to swiftly pay off debt from voter-approved bonds, funds that are earmarked exclusively for specific ballot-initiated projects. In a measure to maintain transparency, the town will hold a first public hearing on May 7, during a regular council meeting, offering inhabitants their chance to weigh in on the proposed levy of $33,275,000.
Gilbert officials rely on sales tax revenue to fund essential services such as public safety and parks, diverging from other Arizona municipalities that operate on a primary property tax system. The crux of the matter will be deliberated during a final public hearing on June 4, followed by the council's decisive vote on whether to retain the proposed tax rate, as per the Town of Gilbert.
All members of the Gilbert community are invited to join in the discussions, first-hand at the council chambers or by tuning into live broadcasts online. Residents can easily participate in the council meetings or simply watch the proceedings unfold on the web, ensuring that no one has to be left out of the democratic process.
