Could raise rate by 18 percent but most likely will ask for four or five percent increase
Yavapai Community College notified the District Governing Board at its October meeting that it will be seeking a primary property tax rate increase in May of 2023. It said that it needs more operating revenue and the only available source appears at present to be Yavapai County primary property taxpayers.
The College noted during its discussion with the Governing Board that it has not asked for a primary tax rate increase for four years. Typically, it asks for an increase every three years. Each year, when the College does not increase the property tax as allowed by law, the amount not used is carried forward. Thus, the reason for the 18 percent increase available, which the College has said it would never use.
The primary tax rate for the Community College can be raised by a majority of the five member Governing Board voting for it. While citizens will be given an opportunity to express their opinion about the tax rate increase at the spring budget adoption meeting, which is usually in May or June, they do not have a veto over it.
Most speculate that the College will ask around a four or five percent tax rate increase. But much may change between now and May 2023.