In the heart of Queen Creek's town hall, a pivotal moment unfolded as the Town Council convened to discuss the adoption of the primary property tax for the upcoming fiscal year. Deputy Town Manager and CFO Scott McCarty presented a detailed overview of the town's financial landscape, emphasizing the importance of the property tax in funding essential services such as police and fire departments.

As the council members listened intently, McCarty highlighted that the proposed property tax levy would yield approximately $14.8 million, marking the third year of a five-year freeze on property tax rates. This freeze, initiated in response to economic uncertainties during the COVID-19 pandemic, aims to provide stability for residents while ensuring that vital services remain funded. The current levy rate is set at $1.55 per $100 of assessed value, significantly lower than the maximum allowable rate of $1.95.

The discussion also shed light on the broader implications of property taxes in Queen Creek. McCarty explained that while the town collects only 13 cents of every dollar paid in property taxes, the majority is allocated to local school districts. This context underscores the town's reliance on property taxes, which account for about 8% of the town's total operating budget of $176 million.

The council's commitment to maintaining a stable tax environment was evident as McCarty detailed the growth in assessed property values, which increased by 12% this fiscal year. This growth is attributed to both the appreciation of existing properties and the addition of new constructions, reflecting the ongoing investment in the community.

As the meeting progressed, the council members engaged in discussions about the implications of the property tax freeze, noting its role in providing certainty for taxpayers. The freeze ensures that existing homeowners will not see an increase in their property tax bills, while new developments contribute additional revenue.

In conclusion, the council's decision to adopt the property tax levy not only marks the end of a comprehensive budget process but also reinforces the town's commitment to fiscal responsibility and community investment. As Queen Creek continues to grow, the careful management of property taxes will remain a crucial element in supporting the town's infrastructure and public safety services.