AWC District Yuma and La Paz residents to see property tax savings

Residents in the Arizona Western College District of Yuma and La Paz counties will see savings on their property taxes this year.

Residents will have a one-time cost savings of 44.24% on the secondary property tax levy.

Over $2.4 million in reserve funds will be being applied to taxpayer bond obligations.

Shahrooz Roohparvar, AWC Vice President of Finance and Administrative Services, and Dr. Daniel Coor, AWC President, recommended that the accumulation of reserve funds from the past several years be applied to the secondary levy obligation of AWC residents for the fiscal year of 2018.

This reduced the secondary levy from $5,598,721 to $3,121,117. Taxpayers will notice these savings on their 2017-2018 property taxes, due in October and April.

“As stewards of the public trust, we have an obligation to review our financials and openly discuss how best to apply fund we receive from the two counties. We thought it best to apply the reserve to the bond obligations this year to give the counties a break,” said Roohparvar.

AWC plans to apply the prior year’s reserves to offset the next year’s bond obligations and thereby avoid an accumulation of reserves over an extended period of time.