C. CHANGE IN TAX RATE:
The estimated change in the tax rate of the District if the proposed boundary change is made is as follows:
The current tax rate is $2.53 per $100.00 of secondary assessed value.
Based on an estimated budget of $796,767.00 for the district, after deducting the portion to be paid by the Fire District Assistance Tax and other miscellaneous revenues collected through Maricopa County, the balance is $528,000.00. Prorated among all taxable property in the District and the change area (based on the current assessed valuation of each property), the combined District and the change area would have an estimated tax rate of 2.35 per $100.00 of secondary assessed value.
This would be an estimated decrease of $0.18 per $100.00 of secondary assessed value.
D. PROPERTY TAX LIABILITY:
1. The median secondary assessed valuation of a property already in the District is $5280.00. As a result of the proposed boundary change, the change in the property tax liability of a typical resident within the current District, NOT in the proposed boundary change area, is as follows:
(a) BEFORE the proposed boundary change, a residence with the median secondary assessed value of would have a tax liability of $133.58 per year.
(b) AFTER the proposed boundary change, a residence with the median secondary assessed value of would have a tax liability of $124.08 per year. This is a decrease of $9.50.