Phoenix homeowners face a 2.79% primary-tax bump before June 17 hearing

Phoenix homeowners are heading toward a modest city property-tax increase even though the proposed primary rate is edging down. The city’s Truth in Taxation notice says average primary property taxes would rise 2.79% in 2026-27 because assessed values increased, not because the rate went up. Phoenix is proposing a primary rate of $1.2652 per $100 of assessed valuation, down from $1.2658.

For a homeowner with a $100,000 home, the city says primary taxes would rise from $123.09 to $126.52. That figure applies to the city’s primary property tax only, not every part of a homeowner’s total tax bill.

Why the bill rises even as the rate falls

The distinction matters for residents trying to read the budget: a lower tax rate does not necessarily mean a lower bill. Phoenix says the bill still rises because assessed values increased.

The public hearing on the increase is scheduled for June 17 at 2:30 p.m. in City Council Chambers at 200 W. Jefferson St.

What else the budget is funding

The wider FY 2026-27 budget is not just about taxes. City budget materials also point to added funding for housing affordability and homelessness and heat-relief services.

For Phoenix property owners, the practical takeaway is straightforward: the city’s rate is slightly lower, but the bill is still rising because property values went up. Residents who want to weigh in have one clear date to watch: June 17.

Sources

• City of Phoenix — Truth in Taxation Hearing Notice of Tax Increase
• KJZZ — Phoenix budget includes new investments in housing affordability, homeless services