Arizona Proposition 13 (2008)
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- This article is about a 2008 ballot measure in Arizona. For other measures with a similar title, see Proposition 13.
Prop 13 Arizona is an initiated constitutional amendment modeled after the California's Prop 13. Its supporters hope to collect enough signatures to qualify it for the November 2008 ballot in Arizona. They'll need 230,047 valid signatures by July 3 to accomplish that.
The measure redefines how real property is valued for tax purposes, establishes maximum tax limits, and eliminates exceptions to the tax limits. It would require that property valuations cannot increase by more than 2% per year. The maximum residential property tax is 1/2 of 1% (.5%) of value. For all other real property the maximum property tax is 1% of value.[1]
Supporters
Prop 13 Arizona, Inc. are the official sponsors of the initiative. Some of the arguments for the proposition to pass include:[2]
- The group's website www.Prop13Arizona.com quoted The Wall Street Journal, that for every $100 increase in your property taxes, it will reduce the value of your home by $1,200
- Arizona currently has the 4th highest commercial property tax rates in the nation. By reducing the property tax rate to 0.5% for residential and 1% for all other real property it will make the state competitive with other states like California which will draw in new business.
- After California passed Prop 13 it kicked off 12 years of unprecedented growth and economic prosperity in their state.
- Bond proposition from 2006 have lead to a dramatic increase in property taxes.[3] Some Phoenix residents have seen property value increase at much as 50 percent, leaving some struggling to pay their taxes.[4]
The Howard Jarvis Taxpayers Association which passed the original Prop 13 has endorsed the initiative on their website.[5]
Opposition
Local government entities refuse to endorse the bill saying it will slash their budget.[6]
Ken Strobeck, the executive director of the League of Arizona Cities and Towns said, "We already have constitutional limits on property tax. There are safeguards already built in." He also argued that passing Prop 13 will force tax hikes in other areas.[7]
Status
The ballot has been filed with Secretary of State and Attorney General. The group has not yet collected enough valid signatures to be on the Nov. 2008 general election ballot.
See also
- Arizona 2008 Ballot Measures
- Arizona Initiative and Referendum Law
- Campaign finance requirements for Arizona ballot measures
- Arizona signature requirements
- Petition drive deadlines in 2008
External links
- Proposition 13 and Its Offspring:For Good or for Evil?, National Tax Journal, March 1999
- Prop 13 Arizona Official website
- Downloadable petition
- Official text of the initiative
- California Proposition 13 homepage
- Tax initiative offers relief for Arizona property owners
- Swift action needed on this crisis
References
- ↑ Arizona Secretary of State, 2008 Ballot Measures
- ↑ Prop 13 Arizona
- ↑ Dueling Tax Initiatives: Prop 13 Arizona versus Arizona Tax Revolt, Sonoran Alliance Blog, Nov. 14, 2007
- ↑ Initiative would roll back property taxes, The Arizona Republic, Nov. 6, 2007
- ↑ Howard Jarvis Taxpayers Association, Tax Revolts across the Country
- ↑ Group wants Prop. 13-style property tax rollback, Arizona StarNet, Nov. 6, 2007
- ↑ Initiative would roll back property taxes, The Arizona Republic, Nov. 6, 2007
