Surprise City Council Approves Bond Vote, Shelves Property Tax Increase
Surprise city council this week voted against a property tax increase and approved a bond question on the ballot in November.
The council shelved plans to bump up property tax rates and unanimously agreed on keeping the current rate. Council members will decide that at a future meeting.
The bond would give Surprise $63 million for more public safety and law enforcement buildings, road improvements on Greenway and Litchfield Roads and a future recreation complex. A bond is a loan borrowed by government and paid back by residents in taxes over several years.
If approved, voters will see a secondary property tax of 50 cents more per $100 of property value. So, a $200,000 house would amount to a yearly maximum increase of $100 a year.
Voters will decide whether or not to approve the bond in November.