Property taxes are determined by your property’s assessed value, not the market value. Surprise has a current primary property tax rate of $0.7591 per $100 of assessed limited property valuation.
The voter-approved 2017 GO Bond created a secondary property tax that will be used to fund 10 capital improvement projects. The city is in the process of issuing a second round of bonds for this purpose. In connection with this, the secondary property tax rate will become $0.3880 per $100 of assessed limited property valuation. Any secondary property tax collections are required to be used to pay off the bond debt(s).
The cost of the General Obligation Bond to a property owner in Surprise will thus be estimated at less than $39 a year for a maximum of 22 years on a home with $100,000 in Limited Property Value (LPV), which is $10,000 Assessed Limited Property Value.
Follow These Steps To Determine The Combined Primary And Secondary Property Tax For Your Home: