SIERRA VISTA — A drop in the primary property tax rate for Cochise College and the fiscal year 2009 budget will be among the topics discussed when the college Governing Board holds a public hearing at 6 p.m. June 10 at the Sierra Vista campus.
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The primary property tax rate will drop from 1.7430 per $100 of assessed valuation to 1.6604. Because of increasing valuations of Cochise County properties, the college anticipates a $294,485 increase in the overall amount generated from its primary property tax levy.
Despite the levy rate reduction, state law requires community colleges to hold a public truth-in-taxation hearing and to use specific language whenever a state-mandated formula so determines.
“For example, the proposed tax increase will cause Cochise County Community College District’s primary property taxes on a $100,000 home to increase from $162.78 (total taxes that would be owed without the proposed tax increase) to $166.04 (total proposed taxes including the tax increase),” a portion of the college’s notice reads.
“This proposed increase is exclusive of increased primary property taxes received from new construction.”
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