District Boundary Information - 2012 DISTRICT BOUNDARY CHAN

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2012 DISTRICT BOUNDARY CHANGE IMPACT STATEMENT FOR THE CIRCLE CITY MORRISTOWN FIRE DISTRICT

Pursuant to the provisions of section 48-262 A.R.S., the undersigned submit the following District Boundary Change Impact Statement for the proposed boundary change of the Circle City Morristown Fire District.

A. DESCRIPTION OF BOUNDARIES:
1. Attached to this statement as Exhibit A is a description of the boundaries for the proposed change.
2. Also attached to this statement as Exhibit B is a detailed accurate map of the area to be included in the proposed change.
B. ESTIMATE OF ASSESSED VALUATION:
The estimated net secondary valuation within Area A of the proposed boundary change is $873,232. The estimated net secondary valuation within Area B of the proposed boundary change is $18,267.
C. CHANGE IN TAX RATE:
The current economic challenges in Arizona have created a significant reduction in the value of real property. Fire districts, such as the District are entirely funded by property tax collections. As a consequence of the decline in property values the District has had to increase its property tax rate in order to maintain its existing level of service. In FY 11 the District collected $378,723 in property taxes at a tax rate of $3.25. For FY 12 the District intends to maintain its tax rate at $3.25. With the addition of the parcels proposed for annexation the funds collected by the District will move to $407,695.
(Click for full District Boundary Change Impact Statement)