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).