Agenda

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ARF- 6868

2. D.

Special Meeting

Meeting Date:	08/31/2021
Submitted For:	Mary Springer	Submitted By:	Mary Springer, Finance Director
Department:	Finance

Information

Request/Subject

Adoption of a Revised Exhibits A and B to Resolution No. 21-08-01 providing for the collection of taxes for all jurisdictions for Fiscal Year (FY) 2022

Background Information

The annual adoption of Gila County's budget and setting the County's primary and secondary property tax rates by the Board of Supervisors is a requirement of the Arizona Revised Statutes. On August 16, 2021, the Board of Supervisors set primary and secondary property tax rates for 2021 for all taxing jurisdictions within Gila County and conveyed tax rates for all jurisdictions to the County Treasurer; and adopted Resolution No. 21-08-01 providing for the collection of taxes for all jurisdictions by the County Treasurer for FY 2022. After the Board meeting, the Deputy School Superintendent was notified by the Department of Revenue that the Pine-Strawberry levy amount of $3,522,858 for a tax rate of 4.8200 was correct, and the Young School District levy amount of $1,279,456 for a tax rate of $6.5216 was correct, however, the second line for the minimum school tax per A.R.S. 15-992(B) needed to be removed for both school districts and the secondary net assessed values needed to be changed for all school districts. In addition, Gila County was notified by the Town of Miami that they needed to reduce their tax rate from $5.1687 to $~~4.46439~~ $4.4639. The Arizona Department of Revenue confirmed that the Town of Miami did not hold a Truth and Taxation Hearing so the tax rate had to be reduced. The Gila County tax levies and rates are attached to Resolution No. 21-08-01 as Exhibits A and B. The corrections are reflected in Exhibits A and B.

Evaluation

The Board of Supervisors is required by statute to fix, levy, and assess the amount to be raised from primary property taxation and secondary property taxation; therefore, the Board must approve any corrections to the tax levy and rate. The Deputy School Superintendent was notified by the Department of Revenue that Pine-Strawberry levy amount of $3,522,858 for a tax rate of 4.8200 was correct, and the Young School District levy amount of $1,279,456 for a tax rate of $6.5216 was correct; however, the second line for the minimum school tax per A.R.S. 15-992(B) needed to be removed for both school districts and the secondary net assessed values needed to be changed for all school districts. In addition, Gila County was notified by the Town of Miami that they needed to reduce their tax rate from $5.1687 to $~~4.46439~~ $4.4639. The Arizona Department of Revenue confirmed that the Town of Miami did not hold a Truth and Taxation Hearing so the tax rate had the be reduced. The Gila County tax levies and rates are attached to Resolution No. 21-08-01 as Exhibits A and B. The correction are reflected in Exhibits A and B.

Conclusion

The Board of Supervisors needs to approve the revised Exhibits A and B to Resolution No. 21-08-01. Exhibit A revision is to the Town of Miami reducing its tax rate from $5.1687 to $~~4.46439~~ $4.4639. Exhibit B contains the correct distribution for Pine-Strawberry School District and the elimination of the second line for both Pine-Strawberry and Young School Districts and the secondary net assessed values needed to be changed for all school districts. After Board approval, the revised Exhibits A and B will then be transmitted to the County Treasurer.

Recommendation

Staff recommends that the Board of Supervisors approve the revised Exhibits A and B to Resolution No. 21-08-01.

Suggested Motion

Information/Discussion/Action to approve the revised Exhibits A and B to Resolution No. 21-08-01 which contains the reduction in the tax rate for the Town of Miami from $5.1687 to ~~$4.46439~~ $4.4639; the combined tax levy and rate for the Pine-Strawberry School District; and the removal of the second line for the minimum school tax per A.R.S. § 15-992(B) for the Pine-Strawberry and Young School Districts and the secondary net assessed values needed to be changed for all school districts. (Mary Springer/Nick Montague)

Attachments
2nd Revision to Exhibit A of Resolution No. 21-08-01
Revised Exhibit A-no longer valid
Revised Exhibit B to Resolution No. 21-08-01
Resolution No. 21-08-01