San Tan Valley, Arizona Development News

Santan Valley Town Council Adopts Transaction Privilege Tax Rates Amidst Fiscal Uncertainty

The Santan Valley Town Council held a public hearing and subsequent action items to discuss and adopt Transaction Privilege Tax (TPT) rates and related model city tax code provisions. This included establishing rates for various categories such as construction, retail, restaurants, hotels, and mining. The council debated and ultimately adopted a 5% rate for construction, 2.25% for general retail and other categories, 4.25% for hotels and transient lodging, and 0.10% for severance mining. A separate action established the model city tax code as a public record. The council also decided to table the discussion on council compensation to a future meeting.