NPC truth in taxation, budget hearings on May 15
Proposed budget reflects an increase in primary property tax rate
HOLBROOK, Ariz. - The Navajo County Community College District Governing Board will conduct Truth in Taxation and budget adoption public hearings on the 2012-2013 Northland Pioneer College budget and district primary property tax levy at 10 a.m. (MST) May 15 in the Painted Desert Campus Tiponi Community Center Eagle's Nest Conference Room, 2251 E. Navajo Blvd. in Holbrook.
The proposed budget reflects an increase in the primary property tax rate. Under the state's Truth in Taxation statutes, the rate increases from $1.32.50 to $1.3515 per $100 net assessed valuation, or 2 percent.
The primary property tax for an owner-occupied residence with an assessed valuation of $100,000 would increase $2.65 per year, from $132.50 to $135.15. For the fourth year, NPC does not have a secondary tax rate, used to repay voter-approved capital improvement bonds.
Northland's proposed tax levy is at the maximum allowable under a proposition approved by voters in 2006. The primary property tax levy will generate $13,167,562. The 3.67 percent increase in the primary tax levy will raise an additional $258,592 in revenue beyond the $198,210 increase due to new construction. After the public hearings the governing board can decrease or accept the budget from the preliminary figures adopted on April 17.
The budget data can be downloaded as a PDF from the college's Web site: www.npc.edu/about-npc/public-notices/budget-hearing-notice.
Interested citizens are encouraged to attend the Truth in Taxation and budget hearings and make comments prior to formal adoption of the budget by the local governing board during a special meeting immediately after the public hearings.
Comments about the budget or proposed primary tax rate increase should be directed to Blaine Hatch, vice president for administrative services, at NPC's District Offices in Holbrook, 524-7440.
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