Pinal County Property Tax Rate and Levy Comparison August 16, 2017 8/16/2017 1
Pinal County Strategic Plan • Strategic Priority #4 – Financial Health • Strategic Goal – Maintain a structural balance while investing in the County’s future and reducing the primary property tax rate • Objective 4.2: Reduce the primary property tax rate at or below $3.7500 by FY 2020/2021 8/16/2017 2
Where Your Tax Dollars Go Cities School Central Other Pinal &Towns County Districts Arizona (Special 7% Districts) 38% College Share 14% 16% 25% On average, the FY 2017-2018 Pinal County portion of the tax levy is roughly 25 cents of your tax dollar. This is down from 31 cents in FY 2010-2011. 8/16/2017 3
Prior Year Comparison FY 2016-2017 • Pinal had the 3 rd highest primary property tax rate in the state at $3.8699 • Pinal County had the 4 th highest combined property tax rate in the state at $4.1357 • Pinal County had the 7 th highest primary property tax levy per capita at $202, which was $21 or 12% higher than the state average 8/16/2017 4
Last Year’s Countywide Average Rates FY 2016-2017 Primary Secondary Total County Rate Rate Rate Apache $3.09 $3.08 $6.17 Cochise $10.62 $2.16 $12.78 Coconino $6.15 $3.40 $9.55 Gila $10.57 $2.82 $13.39 Graham $10.87 $1.09 $11.96 Greenlee $3.43 $0.67 $4.10 La Paz $7.97 $2.84 $10.81 Maricopa $8.15 $4.59 $12.74 Mohave $8.25 $2.47 $10.72 Navajo $7.12 $3.69 $10.81 Pima $11.44 $4.47 $15.91 Pinal $11.80 $3.73 $15.53 Santa Cruz $9.31 $3.79 $13.10 Yavapai $7.86 $3.28 $11.14 Yuma $11.29 $2.72 $14.01 AZ State Average FY 16/17 $8.73 $4.22 $12.95 AZ State Average FY 15/16 $8.74 $4.03 $12.77 AZ State Average FY 14/15 $8.75 $3.92 $12.67 AZ State Average FY 13/14 $8.52 $4.02 $12.54 AZ State Average FY 12/13 $7.89 $3.87 $11.75 Source: Arizona Department of Revenue 8/16/2017 5
Property Tax Rate Comparison FY 2017-2018 % Change from Adopted Adopted Combined Levy per $1.00 of County Previous Year Primary Rate Secondary Rate Rate Rate Pima 4% 4.4596 0.8188 5.2784 $ 80,332,885 Santa Cruz 1% 3.8315 0.7663 4.5978 $ 3,133,027 Gila 0% 4.1900 0.2425 4.4325 $ 4,819,913 Pinal 0% 3.8699 0.2658 4.1357 $ 22,259,576 Yuma 1% 2.5016 1.1828 3.6844 $ 11,380,975 Cochise 2% 2.6747 0.4048 3.0795 $ 9,015,505 Mohave 0% 1.9696 0.8236 2.7932 $ 17,024,924 Graham 7% 2.6439 0.1399 2.7838 $ 1,898,253 La Paz 6% 2.4900 0.0000 2.4900 $ 2,045,790 Yavapai -3% 1.8395 0.4161 2.2556 $ 24,326,851 Apache 4% 0.5857 1.0553 1.6410 $ 4,527,007 Maricopa 0% 1.4009 0.2348 1.6357 $ 377,268,159 Navajo 2% 0.8903 0.6300 1.5203 $ 7,821,900 Coconino -2% 0.5678 0.9056 1.4734 $ 13,778,974 Greenlee 12% 0.6941 0.4500 1.1441 $ 3,562,364 State Average FY 17/18 2.3073 0.5558 2.8630 $ 39,095,662 State Average FY 16/17 2.2652 0.5348 2.8000 $ 37,945.949 State Average FY 15/16 2.2567 0.5466 2.8034 $ 36,717,673 Note: Secondary rates include those that are countywide and controlled by the Board of Supervisors. Effort was made to keep consistency, however, it is important to note that secondary levies vary in purpose. 8/16/2017 6
Adopted Primary Levy per Capita FY 2017-2018 County Total Adopted Primary County Adopted Levy Population Levy Per Person Apache $ 2,704,928 72,131 $38 Coconino $ 9,360,359 142,560 $66 $ 7,310,322 110,413 $66 Navajo Maricopa $ 535,870,745 4,137,076 $130 Yuma $ 28,871,277 217,730 $133 Graham $ 5,091,878 38,303 $133 Mohave $ 34,266,148 205,764 $167 Cochise $ 24,420,089 128,343 $190 Yavapai $ 45,309,644 220,189 $206 Pinal $ 86,648,116 413,312 $210 La Paz $ 5,094,018 21,247 $240 Santa Cruz $ 12,208,536 50,581 $241 Greenlee $ 3,061,861 10,433 $293 Pima $ 360,110,814 1,013,103 $355 Gila $ 20,195,437 54,333 $372 Average $189 *Improved efficiency significantly since 2010-11 from $272 per capita to $210 per capita in FY 2017-2018, a 23% reduction. 8/16/2017 7
Primary Net Assessed Value per Capita FY 2017-2018 County Total NAV (primary) County NAV Population Per Capita Graham $192,589,659 38,303 5,028 Yuma $1,154,112,448 217,730 5,301 Pinal $2,239,027,262 413,312 5,417 Santa Cruz $318,635,939 50,581 6,300 Apache $461,828,240 72,131 6,403 Cochise $913,002,916 128,343 7,114 Navajo $821,107,717 110,413 7,437 Pima $8,074,957,709 1,013,103 7,971 Mohave $1,739,751,607 205,764 8,455 Gila $481,991,337 54,333 8,871 Maricopa $38,251,891,284 4,137,076 9,246 La Paz $204,579,036 21,247 9,629 Yavapai $2,463,149,986 220,189 11,187 Coconino $1,648,530,997 142,560 11,564 Greenlee $441,126,783 10,433 42,282 8/16/2017 8
Historical Assessed Valuation Primary Fiscal Year % Change Assessed Valuation FY 2006-07 1,472,159,592 21.37% FY 2007-08 1,908,801,658 29.66% FY 2008-09 2,473,499,660 29.58% FY 2009-10 2,880,552,087 16.46% FY 2010-11 2,546,948,819 -11.58% FY 2011-12 2,160,151,166 -15.70% FY 2012-13 2,153,783,739 -0.29% FY 2013-14 1,988,882,373 -7.66% FY 2014-15 2,005,151,766 0.82% FY 2015-16 2,057,547,529 2.61% FY 2016-17 2,119,750,930 3.02% FY 2017-18 2,239,027,262 5.63% 8/16/2017 9
Historical Primary Property Tax Levies Fiscal Year Tax Rate Tax Levy Variance Population FY 06-07 $4.4532 $65,558,211 304,889 FY 07-08 $4.1442 $79,104,558 $13,546,347 333,977 FY 08-09 $3.5614 $88,091,217 $8,986,659 358,190 FY 09-10 $3.3575 $96,714,536 $8,623,319 364,995 FY 10-11 $3.9999 $102,487,281 $5,772,745 376,369 FY 11-12 $3.9999 $86,403,886 ($16,083,394) 384,231 FY 12-13 $3.7999 $81,841,628 ($4,562,258) 389,192 FY 13-14 $3.7999 $75,575,541 ($6,266,087) 393,813 FY 14-15 $3.7999 $76,193,762 $618,221 396,237 FY 15-16 $3.9999 $82,299,844 $6,106,082 406,468 FY 16-17 $3.8699 $82,032,241 ($267,603) 413,312 FY 17-18 $3.8699 $86,648,116 $4,615,875 413,312 8/16/2017 10
Primary Property Tax Rate Comparison FY 2017-2018 Max Allowable Adopted % of Maximum Levy per $1.00 County Rate Primary Rate Rate Adopted of Primary Rate Pinal 6.1350 3.8699 63% $22,390,273 Gila 6.5640 4.1900 64% $4,819,913 Greenlee 1.0409 0.6941 67% $4,411,268 Cochise 3.9018 2.6747 69% $9,130,029 Santa Cruz 4.9248 3.8315 78% $3,186,359 Maricopa 1.7884 1.4009 78% $382,518,913 Mohave 2.4991 1.9696 79% $17,397,516 Yavapai 2.2531 1.8395 82% $24,631,500 Pima 5.1755 4.4596 86% $80,749,577 Yuma 2.6767 2.5016 93% $11,541,124 Graham 2.8252 2.6439 94% $1,925,897 Coconino 0.5678 0.5678 100% $16,485,310 Apache 0.5857 0.5857 100% $4,618,282 Navajo 0.8903 0.8903 100% $8,211,077 La Paz 2.4900 2.4900 100% $2,045,790 *In FY 2010-2011, Pinal County taxed 100% of the max allowable rate and has since decreased by 37%. 8/16/2017 11
Rankings by 2015 Per Capita Personal Income and Change Over Time Ranked by 2015 Per Capita Personal How County Rankings Have Changed Income County 2015 2001 2007 2012 2013 2014 1 $42,092 Maricopa Maricopa Maricopa Maricopa Maricopa Maricopa 2 $41,018 Pima Pima Cochise Coconino Greenlee Coconino 3 $38,536 Coconino Coconino Pima Pima Pima Greenlee 4 $38,133 Yavapai Cochise Coconino Cochise Cochise Pima 5 $37,240 Cochise Greenlee Gila Greenlee Coconino Cochise 6 $36,066 Gila Yavapai Greenlee Gila Gila Gila 7 $35,545 Greenlee Gila Yavapai Yavapai Yavapai Yavapai 8 $33,646 Mohave Mohave La Paz La Paz Santa Cruz Santa Cruz 9 $31,574 Pinal Yuma Santa Cruz Mohave La Paz Yuma 10 $29,963 Yuma La Paz Mohave Santa Cruz Graham La Paz 11 $29,731 Santa Cruz SantaCruz Yuma Graham Yuma Graham 12 $29,597 La Paz Pinal Navajo Yuma Apache Apache 13 $29,505 Apache Graham Graham Navajo Mohave Mohave 14 $29,132 Navajo Navajo Apache Apache Navajo Navajo 15 $27,682 Graham Apache Pinal Pinal Pinal Pinal Sources: University of Arizona Economic and Business Research Center/Bureau of Economic Analysis; Bureau of Economic Analysis/US Department of Commerce 8/16/2017 12
Tax Levy per Income • FY 2010-2011 • Pinal County had the 2 nd highest primary property tax levy burden as a % of personal income in the state at 1.16% • In the same year, Pinal County had the lowest income per capita in the state • FY 2017-2018 • Based on income in calendar year 2015 (most recent available data), Pinal County is the 6 th highest primary property tax levy burden as a % of personal income in the state at .77%. • The state total is .44% 8/16/2017 13
FY 2017-2018 Summary Comparison • Pinal County has the 3 rd highest primary property tax rate in the state at $3.8699. • Pinal County has the 4th highest combined property tax rate in the state at $4.1357. • Pinal County’s primary property tax levy per capita at $210, which is $21 or 11% higher than the state average. • Pinal County has the lowest income per capita in the state at 41% lower than the state as a whole. • Pinal County has the 6th highest primary property tax burden as a % of 2015 personal income at .77%. 8/16/2017 14
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