College Property Tax Information Released

May 28, 2009

Pima County Community College District has released its Truth in Taxation information for its 2009-10 budget, in compliance with Arizona Revised Statutes section 15-1461.01. 

According to the Truth in Taxation documents, the College is proposing an increase in primary tax revenues of $1,725,497, an increase of 2.1% over 2008-09.  The Truth in Taxation formula, however, does not reflect increased property taxes revenues received from new construction. 

Pima Community College will actually reduce its primary tax rate by 4.4%, when the total assessed valuation for all of Pima County is taken into account, including new construction.  This is the sixth consecutive year that the College has reduced its primary tax rate.  After accounting for new construction, the actual primary property taxes on a hypothetical $100,000 home would decrease $4.31 from $97.87 to $93.56. 

The College’s secondary tax rate for 2009-10 has also been reduced by 13.3% from the prior year.  Overall, homeowners will see their 2009-10 combined property tax rates for the Pima County Community College District reduced by 5.7%.

The current 5.7% combined property tax rate reduction follows last year’s 4.5% reduction by the College. 

The College’s elected five-member Board of Governors will hold a public hearing on the 2009-10 budget on Wednesday, June 10, 2009.  The public hearing will begin at 6:30 p.m. in the College’s Community/Board Room at the District Office, 4905 E. Broadway Boulevard.  The Board of Governors' regular monthly meeting will follow the public hearing on the budget.  The College’s Board of Governors meetings are open to the public.

For information about the College’s 2009-10 budget, contact the Public Information Office at 206-4528.

CONTACT:
A. Rachelle Howell, Assistant Vice Chancellor for Marketing
(520) 206-4850 arhowell@pima.edu