The residents of Gilbert, Arizona, are looking at a steady property tax rate for the upcoming fiscal year if the Town Council follows through with its Notice of Intent. This measure proposes to keep the property tax rate the same as it was for the last two years, a decision rooted in the town's preference to fund general operations from sales tax revenue. This is a strategic choice that eschews the primary property tax for vital services like public safety or parks, as reported by the official Gilbert website.
Under the proposed plan, Gilbert will continue to levy a secondary property tax pegged at a rate of $.9800 per $100 of assessed property value dedicated solely to servicing the town's bond debt incurred from voter-approved initiatives, which translates to a levy of $34,838,000 for the fiscal year 2025-26, Gilbert officials detailed the plan's specifics, including the restricted use of these funds for their intended purposes, outlined in the bond agreements.
For those interested in the civic process, the Town Council will hold a public hearing where residents can voice their opinions, scheduled for May 20th at 6:30 P.M. at the Town Council Chambers located on 50 E. Civic Center Drive. Another hearing will follow on June 10th before the Council's vote. Citizens can find additional details and view the live proceedings via a link provided at gilbertaz.gov/live, as stated on the town's official website.
