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CITY OF PRESCOTT, ARIZONA <br /> Summary of Tax Levy and Tax Rate Information <br /> Fiscal Year 2010 <br /> 2009 2010 <br /> 1. Maximum allowable primary property tax levy. <br /> A.R.S. §42-17051(A) $ 1,278,666 $ 1,338,494 <br /> 2. Amount received from primary property taxation in <br /> the current year in excess of the sum of that year's <br /> maximum allowable primary property tax levy. <br /> A.R.S. §42-17102(A)(18) $ <br /> 3. Property tax levy amounts <br /> A. Primary property taxes $ 1,214,192 $ 1,235,701 <br /> B. Secondary property taxes 1,937,779 1,646,680 <br /> C. Total property tax levy amounts $ 3,151,971 $ 2,882,381 <br /> 4. Property taxes collected* <br /> A. Primary property taxes <br /> (1) Current year's levy $ 1,197,088 <br /> (2) Prior years' levies 17,104 <br /> (3) Total primary property taxes $ 1,214,192 <br /> B. Secondary property taxes <br /> (1) Current year's levy $ 1,906,425 <br /> (2) Prior years' levies 31,354 <br /> (3) Total secondary property taxes $ 1,937,779 <br /> C. Total property taxes collected $ 3,151,971 <br /> 5. Property tax rates <br /> A. City/Town tax rate <br /> (1) Primary property tax rate 0.1839 0.1695 <br /> (2) Secondary property tax rate 0.2394 0.2002 <br /> (3) Total city/town tax rate 0.4233 0.3697 <br /> B. Special assessment district tax rates <br /> Secondary property tax rates-As of the date the proposed budget was prepared, the <br /> City of Prescott did not operate any special assessment districts for which secondary <br /> property taxes are levied. <br /> * Includes actual property taxes collected as of the date the proposed budget was prepared, plus <br /> estimated property tax collections for the remainder of the fiscal year. <br /> 4/08 SCHEDULE B <br />