Tag: Final Tax Rate Schedule

Board of Supervisors Adopts Final Tax Rate Schedule for Fiscal Year 2024

COCONINO COUNTY — The Coconino County Board of Supervisors (Board) unanimously approved and adopted the tax rate schedule for Fiscal Year 2024 (FY 24) and Tax Year 2023 for all special taxing jurisdictions for which Coconino County has authority to collect taxes.

Arizona Revised Statues mandate that an ordinance levying taxes for FY 24 be adopted no later than the third Monday in August 2023, and with this administrative action the Board has concluded the 2023-24 budget process.

Special taxing jurisdictions, often referred to as special districts, are created to fill a need and to enable the provision of services in an area that might otherwise be limited from receiving those services for various reasons, including size, location, financial limitations or unavailability of other government support. The formation of a special taxing district creates a funding stream to pay for the desired or necessary services by placing the responsibility on those who benefit from that service.