Goodyear residents, brace yourselves for a tax hike. The City of Goodyear has announced its intention to raise primary property taxes by 2%, amounting to an extra $277,689 in revenue. If you own a home valued at $100,000, prepare to pay $92.57 in taxes, up from $90.76 – that's nearly two extra bucks out of your pocket.
In a move that has homeowners reaching for their wallets, the proposed tax increase comes without taking into account the additional revenue from new construction. Even though the taxes from newly erected edifices won't pad out this increase, your property tax is about to go up all the same.
Goodyear isn't stopping there, though. The tax jump excludes changes from property tax levies linked to bonded debt approved by voters or any budget and tax overages. This means the pinch on your purse could get even tighter depending on future fiscal decisions made at the ballot box.
A chance to voice your opinion on this proposed tax increase is coming up. The city has scheduled a public hearing on June 10, at 5:00 p.m. at the Goodyear City Hall and Council Chambers. If you're passionate about where your tax dollars are going, mark your calendar and be sure to attend.
Don't miss out on the details—these changes will be laid out in the Truth in Taxation Notice, set to be published in the Arizona Republic West Valley Edition on May 24 and May 31. Homeowners wanting to get the full scoop on what this means for their wallets and their community should keep an eye out for these publications.
