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Arizona Legislature to Exempt Some Property from Taxation, Proposition 101 (1996)

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Arizona Proposition 101, also known as the Constitutional Amendment to Allow the Legislature to Exempt Some Property from Taxation, was on the November 5, 1996 election ballot in Arizona as a legislatively-referred constitutional amendment. It was approved.[1]

Election results

Legislature to Exempt Some Property from Taxation
ResultVotesPercentage
Approveda Yes 664,231 51.5%
No625,31448.5%
Election results from Arizona Elections Department.

Text of measure

The language that appeared on the ballot:

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

The Arizona Constitution provides that all property in Arizona is subject to property taxation unless it is specifically exempted from tax as authorized by the Constitution.

Proposition 101 would amend the Arizona Constitution to allow the Legislature to exempt from taxation the first $50,000 of "full cash value" of a taxpayer's "personal property" if it is used in agriculture or in a trade or business. The Legislature could also increase the exempt amount above $50,000 according to changes in a national inflation index, such as the consumer price index.

Under current Arizona law, the first $50,000 of full cash value of a taxpayer's personal property is taxed based on a 1% assessment ratio. Assessment ratios on property range from 1% to 100%.

"Full cash value" refers to the market value of property unless a specific formula for valuing property for tax purposes is set out in law.

"Personal property" refers to property that is not part of real estate and includes such things as machinery, equipment and store fixtures.

Proposition 101 could affect the tax revenue and property tax rates of the state, counties, cities and towns, school districts, community college districts and other governmental entities that rely on property taxes, but the exemptions would not be automatic on passage of this proposition. The actual effect would depend on how the Legislature enacted the exemptions within the authority and limits of this proposition.[2]

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