Chandler council votes to raise property tax rate - East Valley Tribune: Chandler

Chandler council votes to raise property tax rate

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Posted: Friday, May 27, 2011 2:52 pm

Chandler is raising its property tax rate for the first time in 17 years.

The decision came Thursday night when the City Council approved the tentative $676.5 million budget for 2011-12 on a 6-1 vote.

But Mayor Jay Tibshraeny says Chandler residents will be paying less because real-estate values have declined so much.

The Arizona Republic reported that with the approved increase, Chandler's municipal property tax rate will go from $1.18 per $100 assessed valuation to $1.27.

But Tibshraeny says this year's rate increase will translate into a 7.5 percent decrease in the average homeowner's tax bill.

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