Property Taxes
The Town levies property taxes for various purposes. The following summary of each tax is provided.
A. Primary Property Tax
Primary Property Tax is levied annually in conjunction with the annual Town budget. The primary property tax has been a traditional means of financing city and town services. While the importance of the property tax has been decreasing in recent years due to the increased revenues from sales taxes, it still is a significant source of local revenue for many Arizona cities and towns. The property tax is also one of the most stable sources of revenue because it is typically not as sensitive to the fluctuations in sales and income caused by changes in the economy. It assists in providing funds for fire, police, and town administration in the General Fund of the town.
Primary property tax is based upon the net assessed valuation of real and personal property. Pinal County delivers its levy limit worksheet to the town in February. This document provides last year's and current year's property tax values, and the maximum amount that may be levied. The town staff will recommend to the town council, the levy. If the levy is more than the prior year's levy a Truth in Taxation hearing must be held and a public hearing will take place. The property tax levy is the last step after the Town Council has adopted the budget. The billing for the primary property tax levy is on the Pinal County property tax billing.
There is a strict limitation on how much a city or town can levy as a primary property tax. The primary tax levy is limited to an increase of two percent more than the previous year's maximum, allowable primary levy plus an increased dollar amount due to a net gain in property not taxed, the previous year.
Town of Florence Primary Property Tax – 04154
| Town Budget Year | Tax Statement Year | Net Assessed Value (LPV) | Maximum Allowed Levy | Town Approved Levy | Primary Tax Rate |
|---|---|---|---|---|---|
| FY 26 | 2025 | 163,649,307 | 1,700,316 | 1,683,788 | 1.0289 |
| FY 25 | 2024 | 150,280,591 | 1,591,321 | 1,546,284 | 1.0289 |
| FY 24 | 2023 | 138,794,618 | 1,513,139 | 1,386,500 | 0.9990 |
| FY 23 | 2022 | 129,060,283 | 1,403,918 | 1,386,500 | 1.0743 |
| FY 22 | 2021 | 122,136,715 | 1,319,321 | 1,294,649 | 1.0600 |
| FY 21 | 2020 | 113,827,265 | 1,228,879 | 1,204,862 | 1.0585 |
| FY 20 | 2019 | 108,643,237 | 1,166,611 | 1,166,611 | 1.0738 |
| FY 19 | 2018 | 99,862,620 | 1,104,481 | 1,104,481 | 1.1060 |
| FY 18 | 2017 | 89,681,719 | 1,017,439 | 1,017,439 | 1.1345 |
B. Streetlight Improvement District Levy
If you are in a streetlight improvement district (SLID), you have levied a secondary property tax levy. The property tax levy pays for the electric costs within the Street Light Improvement District. The levy is capped at $1.20 per $100 of net assessed valuation. Each year, the finance office prepares the levy, based upon the electrical costs of the SLID. Each district has its own fund which accounts for the revenues and expenditures of the SLID. The town has nine SLIDS. The billing for the SLID levy is on the Pinal County property tax billing.
Town of Florence – Street Light Improvement Districts
| FY 26 | FY 25 | FY 24 | FY 23 | FY 22 | FY 21 | FY 20 | |
|---|---|---|---|---|---|---|---|
| District | 2025 Tax Statement |
2024 Tax Statement |
2023 Tax Statement |
2022 Tax Statement |
2021 Tax Statement |
2020 Tax Statement |
2019 Tax Statement |
| SLID #1 Anthem – 13719 | 0.1224 | 0.1609 | 0.2018 | 0.1300 | (a) | (a) | (a) |
| SLID #2 Anthem – 13718 | 0.1095 | 0.0748 | (a) | (a) | (a) | (a) | (a) |
| SLID #3 Anthem – 13720 | 0.0657 | 0.0862 | 0.1488 | 0.1328 | 0.1358 | 0.1433 | 0.1207 |
| SLID #4 Anthem – 13721 | (a) | (a) | (a) | 0.8369 | 1.2000 | DNC | |
| SLID #5 Anthem – 13722 | 1.2000 | 1.2000 | 1.2000 | 1.2000 | 1.2000 | DNC | |
| SLID #6 Mesquite Trails – 13723 | 1.2000 | 1.2000 | 1.2000 | DNC | |||
| SLID #7 Sunrise Estes Phase 2 – 13724 | (a) | 1.2000 | 1.2000 | 1.2000 | DNC | ||
| SLID #8 Bisbee Ranch – 13727 | 0.6000 | 1.2000 | 1.2000 | DNC | |||
| SLID #9 Western Crossing – 13728 | 0.6000 | 1.2000 | 1.2000 | DNC |
(a) District has adequate fund balance to cover expense for the year
DNC – District Not Established
C. Assessments
Merrill Ranch Community Facilities District No. 1 and No. 2, both under Pulte Development, have established Assessment Districts. These districts fund local improvements within specific units or areas. The assessment ranges between $3,500 and $5,000 per parcel, structured as a 25-year amortized payment. Homeowners can choose to pay off the assessment early by covering the outstanding principal balance and the interest due for the year. Market conditions determine the interest rate at the time the bonds are issued, and the assessment is included in your Pinal County property tax bill.
The assessment represents a portion of the bond amount, which is calculated based on the number of parcels in a unit or area. The bonds are issued to reimburse the developer for infrastructure detailed in the bond issuance documents. Once completed, the infrastructure, such as curbs, gutters, culverts, signage, and street paving, is transferred to the Town for ongoing operation and maintenance.
For example, if Unit X has 150 parcels with an assessment of $5,000 per lot, the total bond issued to reimburse the developer for infrastructure costs would be $750,000, pending approval from the district board.
For Assessment Pay-off information: please contact the Town of Florence, Special Assessment Clerk, Debbie Frias at Debbie.Frias@FlorenceAZ.gov, or phone 520-868-7508.
D. Community Facilities Districts-General Obligation Bonds
Merrill Ranch Community Facilities District No. 1 and Merrill Ranch Community Facilities District No. 2 both have General Obligation Bonds. The bonds were issued to reimburse the developer of the districts for regional infrastructure. Regional Infrastructure is shared infrastructure such as roads, streets, bridges, culverts, and any other shared infrastructure that can legally be bonded. The infrastructure is then transferred to the Town for operations and maintenance of those infrastructure items.
General Obligation Bonds are paid for by a secondary property tax levy for the payment of debt service(s). The two Districts may have different levy amounts depending upon the amount of debt the district has been authorized and issued. The maximum allowable levy is $3.25 per $100 of new assessed valuation for debt service. The billing for the GO levy is on the Pinal County property tax billing.
Community Facilities Districts – General Obligation Bond Levy
| FY 26 | FY 25 | FY 24 | FY 23 | FY 22 | FY 21 | FY 20 | |
|---|---|---|---|---|---|---|---|
| District | 2025 Tax Statement |
2024 Tax Statement |
2023 Tax Statement |
2022 Tax Statement |
2021 Tax Statement |
2020 Tax Statement |
2019 Tax Statement |
| Merrill Ranch CFD No. 1 – 18006/b | 2.2500 | 1.500 | 0.3980 | 0.8153 | 0.8588 | 1.6855 | 0.4200 |
| Merrill Ranch CFD No. 2 – 18007/b | 2.6710 | 2.4106 | 3.2500 | 3.2500 | 3.2500 | 3.2500 | 3.2500 |
E. Community Facilities Districts-Administrative Levy
Merrill Ranch Community Facilities District No. 1 and Merrill Ranch Community Facilities District No. 2 both have administrative levies. The administrative levy pays for the operations and maintenance of the districts that are general in nature and for street repairs and maintenance. The administrative levy is limited to $.30 per $100.00 of net assessed valuation. The billing for the administrative levy is on the Pinal County property tax billing.
Community Facilities Districts – Administrative Levy
| FY 26 | FY 25 | FY 24 | FY 23 | FY 22 | FY 21 | FY 20 | |
|---|---|---|---|---|---|---|---|
| District | 2025 Tax Statement |
2024 Tax Statement |
2023 Tax Statement |
2022 Tax Statement |
2021 Tax Statement |
2020 Tax Statement |
2019 Tax Statement |
| Merrill Ranch CFD No. 1 – 18006/a | 0.3000 | 0.3000 | 0.3000 | 0.3000 | 0.3000 | 0.3000 | 0.3000 |
| Merrill Ranch CFD No. 2 – 18007/a | 0.3000 | 0.3000 | 0.3000 | 0.3000 | 0.3000 | 0.3000 | 0.3000 |
Reviewed/Updated: 06/18/2025