The Town of Florence levies property taxes for various purposes. Below, you will find overviews of the property taxes overseen and adopted by the town, key takeaways, and an example 2022 tax bill from last year. New tax bills for 2023 are generated by Pinal County beginning in September. Because everyone’s tax situation is different, much of the information below is based on the 2022 example. To view your individual property tax bill, please visit https://treasurer.pinal.gov/ParcelInquiry to search for your property tax information.

  

If after reviewing the information below, you have additional questions regarding your town-related tax levies, please contact the Town of Florence Finance Department at (520) 868-7570. Or, if you have questions regarding your overall tax bill, please contact the Pinal County Treasurer at (888) 431-1311.

  

Florence Primary Property Tax (A on the Example Below – Tax Code 4154)

  

The primary property tax is a stable source of revenue that finances services like fire, police, and town administration. The tax is based on assessed property values and potential increases are subject to limitations. The town did not increase our property tax levy (the total amount collected) this fiscal year (July 1, 2023 – June 30, 2024), maintaining a relatively low rate ($0.9990 per $100 of net assessed valuation) compared to others in the county.

  

Takeaways:

• In 2023, the town decreased our primary property tax rate by approximately $0.08
• However, property taxes are based on home values as determined by Pinal County based on market conditions. If your home value increased in 2023, your 2023 primary property tax levy may increase as well even though the tax rate was lowered
• In the example below, this tax category represents 7% of the 2022 tax total

  

Streetlight Improvement District Levy (B – 13719, code for SLID #1 only)

  

If you live in a streetlight improvement district (SLID), you will see a secondary property tax levy on your Pinal County tax bill. The property tax levy pays for the electric costs within the SLID. The levy is capped at $1.20 per $100 of net assessed valuation.  Each year, the town’s Finance Department prepares the levy based upon the electrical costs of each SLID.  Each district has its own fund where revenues are received, and expenditures are paid. The town has nine SLIDS.

  

Takeaways:

• In 2023, the rate for SLID #1 was increased by $0.07 based on electricity costs
• In the example below, this tax category represents less than 1% of the 2022 tax total

  

Community Facilities District Assessments (C – 22717)

  

The Town’s Merrill Ranch Communities are within two Community Facility Districts (CFDs). CFDs are a type of special tax district wherein property owners impose a tax on property in order to provide infrastructure improvements for local residents such as curbs, sidewalks, and culverts. Each lot within Merrill Ranch CFD No. 1 and 2 is responsible for an assessment of $3,500 paid over a 25-year period. This assessment can be paid in full at any time by paying the balance due plus interest costs. As with other types of debt, paying this assessment early will reduce your overall interest costs.

  

Takeaways:

• The tax owed for this category is based on whatever balance of the $3,500 assessment is remaining for your parcel
• In the example below, this tax category represents 8% of the 2022 tax total

  

Community Facilities Districts - General Obligation Bonds (D - 18006)

  

Merrill Ranch CFDs No. 1 and No. 2 both have General Obligation (GO) Bonds. GO bonds are government-issued bonds that are repaid through a secondary property tax levy based on the amount of debt for each district. These types of bonds are used to reimburse developers for the costs to construct regional infrastructure such as roads and bridges. After construction, this infrastructure is transferred to the town, which maintains and operates the assets.

  

In 2023, the GO rate for CFD No. 1 is $0.3980 per $100 of net assessed valuation. The GO rate for CFD No. 2 is $3.25 per $100 of net assessed valuation. In addition to this GO levy, each CFD pays a small administrative levy of $.30 per $100 of net assessed valuation for the infrastructure maintenance and operation services discussed above (E – 18006).

  

Takeaways:

• In 2023, the GO rate for CFD 1 was decreased by about $0.42 and the GO rate for CFD 2 remained the same
• However, taxes related to GO debt is based on home values as determined by Pinal County based on market conditions. If your home value increased in 2023, your 2023 GO-related tax levy may increase as well even though the tax rate was lowered or remained the same
• In the example below, the GO category for CFD 1 represents 5% of the 2022 tax total and the Admin. category (E) represents 2% of the tax total

  

• Collectively, the town-related property taxes discussed above represent less than a quarter (22.5%) of the 2022 property tax bill below.

  

Example 2022 Tax Bill: