June 19, 2012
Gila Community College
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College board OKs 9 percent rise in property tax rate
The owner of a $200,000 home in Rim Country will pay approximately $3 more to Gila Community College (GCC) on their property taxes this year. All told, the owner of that hypothetical $200,000 house will therefore pay about $150 annually to the district. Homeowners whose property value has declined might actually end up paying less. However, many homeowners whose swooning market values aren’t yet reflected in lower assessed values have been frustrated to find their property tax bills rising as their home values fall. Schools have approved most of the increases as they scramble to make up for dwindling state support.