In a move to ease the financial burden on homeowners, Chandler City Council has yet again clipped the city’s property tax rate, marking the ninth year in a row for such a cut. The freshly adjusted tax rate, down one cent, positions Chandler’s combined property tax rate at $1.0826 per $100 of assessed property value for the fiscal year 2024-2025, which commenced on July 1. This information is gleaned from the City of Chandler's latest announcement.
Stringently kept in check, the primary property tax rate – now at $0.2126 per $100 of assessed value – is allocated for the city's general operations. Running parallel, the secondary property tax rate of $0.87 per $100, assists in servicing the city's debt obligations on general obligation bonds, which in turn finance the capital improvement projects. However, when taking the property tax billing system in its totality, Maricopa County and various other special taxing districts can be seen to make up the balance of a Chandler citizen’s tax bill, comprising a substantial 19 percent.
Those interested in diving deeper into the specifics of Chandler’s monetary allocation can turn their gaze to the city budget or crack the voice line at the budget office through 480-782-2254.
Comparatively minor, Chandler’s slice of the property tax pie is a slight 11 percent of what residents pay, highlighting the largest chunk – a whopping 70 percent – goes towards public schools and community college districts. With property values on an incline, the city’s consistent decrease in property tax aims to lessen the weighty financial expectations hoisted upon homeowners in the area.
