Prop 13 Arizona (2010)
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Prop 13 Arizona is a proposed ballot initiative whose supporters are trying to qualify it for the November 2, 2010 ballot in Arizona as an initiated constitutional amendment.[1]
The proposed initiative is called "Prop 13 Arizona" in homage to California's Proposition 13. If the measure qualifies for the ballot, it will be given an official Arizona ballot proposition number.
"Prop 13 Arizona" is a property tax limitation measure. If it qualifies for the ballot and is approved by the state's voters, it will:
- Limit valuation increases to 2% per year.
- Cap the total property tax at 0.5% of valuation for all residential properties and 1% for all other real property.
- Eliminate overrides and exceptions to the tax caps.
- Roll back property valuations to 2003 Full Cash Value for properties purchased before January 1, 2004, and set valuation at purchase price for all properties purchased on or after that date.[2]
Support
The official website for Proposition 13 posted an article written by Arizona Central, stating the findings in the article support why the measure should be voted for. The article states that property taxes have begun to rise throughout the state despite lower home values. Supporters for Proposition 13 argue that it is the solution to these statewide problems.[3]
According to Arlene Morales, a resident who has had to take on two jobs to pay her mortgage: "I can't afford any increase in my bills now. How can my property taxes go up when I can't even sell my home for half of what, when it was new, I paid in 2004?"
See also
- California Proposition 13 (1978)
- Arizona House of Representatives
- Arizona Senate
- Arizona 2010 ballot measures
- Arizona Initiative and Referendum Law
- Arizona Initiative and Referendum Law
External links
- Arizona Prop 13 Official Website
- List of filed initiatives in Arizona
- C-06-2010 application with the Arizona Secretary of State
- Arizona Secretary of State Official Website
References
- ↑ Arizona Republic, "Measure would tighten property-tax limits", March 8, 2009
- ↑ Arizona Capitol Times, "Anti-tax group seeking ballot measure again in 2010", March 9, 2009
- ↑ Arizona Central, "Property-tax bills up despite drop in home values," September 18, 2009
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