At the May 30, 2019, Board Meeting the Governing Board voted to adopt a resolution ordering all matters necessary for a 15 percent maintenance and operations (M&O) budget override election to be held on Tuesday, Nov. 5, 2019.
If approved by voters, the M&O override would allow the district to fund new student and staff safety initiatives and continue to support the following programs:
All-Day Kindergarten for our Youngest Learners Arts Educations Programs Including Band and Chorus Assistant Principals for Every School Attraction and Retention of the Best Teachers and Staff Possible Athletic Programs Extra/Co-curricular Activities Gifted Education Maintain Class Sizes Nurses/Health Services at Every School Physical Education Programs Reading Programs
If approved, how will my property taxes be affected?
The override is paid from a levy of ad valorem taxes (which is different from the value listed on Zillow or Redfin – explained below) on all taxable property within the Peoria Unified School District. If approved, the Override will result in an estimated average annual tax rate of $1.74 per $100 of assessed valuation for residential property owners or about $2-$6 per month increase.
Is the value of my home what it says on sites like Zillow or Redfin?
To calculate their property taxes, a community member needs the limited property value of their property. This is not the current fair market value of a home that can be found on Zillow or Redfin but rather the Limited Property Value as calculated by the Maricopa County Assessor. This amount can be located on the Property Notice of Valuation that is mailed each year from the Maricopa County Assessor or online by visiting the Maricopa County Assessor website.