COTTONWOOD - The Yavapai County Board of Supervisors has approved the primary and secondary tax rates and levies for local school districts and Yavapai College. The board does not set those rates. Local districts and governmental entities set their own tax rates, but the board, by state law, must approve them.
Many tax rates have gone down for the 2009-10 property tax year, but actual taxes collected will not necessarily go down, and some will increase, because assessed valuations have increased.
Mingus Union High School District's primary rate will increase 8 percent from 1.4443 last year to 1.5629 for this year. The levy for the primary tax rate in the district increases from $5,236,926 last year to $6,191,671 for this year based on a net valuation of $396,174,228. That rate costs taxpayers $156.29 for a home assessed at $100,000.
MUHS has two secondary tax rates. The override rate will fall 6 percent from 0.1244 last year to 0.1175 this year, costing $11.75 for a home with $100,000 valuation. The levy for the override is drops from $568,376 last year to $534,168 this year.
Another secondary tax for MUHS is the for bond debt service. The bond tax rate has gone up 84 percent from 0.1448 to 0.2669. The actual tax is $26.69 on a home assessed at $100,000. The levy on the bond will collect $1,213,637 for the district this year compared with $661,602 last year.
The net assessed valuation for MUHS that secondary taxes are based on is $454,794,192.
Valley Academy for Career and Technology Education, holds its secondary tax rate at 0.0500, or $5 for a home assessed at $100,000. The district has the same net valuation as MUHS for secondary taxes of $454,749,192. The levy is $227,397, down slightly from $228,484 last year.
Cottonwood-Oak Creek School District will have a primary tax rate of 1.3489 for 2009-10, a 20 percent drop from last year's 1.6768 rate. That amounts to $134.89 in tax on a home assessed at $100,000. The levy for this tax year will be $4,369,872 based on net assessed valuation of $323,959,814. That is down from last year's levy of $4,949,327.
The override secondary tax for C-OC dropped 4 percent from 0.3029 last year to 0.2913 this year costing taxpayers $29.13 for a home assessed at $100,000. The override levy is $1,088,738. That levy is also down from last year's $1,138,920. The district's bond debt service secondary rate drops to zero this year from 0.2388 last year. Last year the district collected $897,749 from the bond debt secondary tax.
Clarkdale-Jerome School District will drop its primary tax rate by 4 percent from 1.3958 last year to 1.3390 this year. The rate costs $133.90 for a home assessed at $100,000. The actual levy is $966,937 based on a net assessed valuation of $72,214,414. The levy is an increase from $941,218 last year.
The district's override secondary will be 0.2533, a drop of 7 percent from 0.2718 last year. The levy is $205,270, down from $220,125 last year. The secondary rate places $20.52 in additional tax on a home assessed at $100,000.
Yavapai College has set its primary tax rate for 2009-10 at 1.1250, down 6 percent from 1.1915 last year. That rate costs $112.50 for a home assessed at $100,000. The actual levy is $36,833,381, an increase from last year's levy of $35,204,705. It is based on a net assessed valuation of $3,274,078,347. That levy goes toward operation and capital for the college.
The bond debt service secondary rate for the college will drop 2 percent from 0.1395 last year to 0.1367 this year. The secondary rate costs $13.67 on a home assessed at $100,000. The levy for the secondary rate brings in $5,228,333 to the college. That figure is up slightly from $5,227,884 in 2008-09.