Prop 13 Arizona has filed for the 2012 ballot!.
June 27, 2011
The Prop 13 Arizona initiative has officially begun!
Prop 13 Arizona filed its Citizens Initiative today with the Secretary of State, taking the first step towards qualifying this Constitutional Amendment for the November 2012 ballot.
Phoenix, Ariz., June 27, 2011 – Lynne Weaver, Prop 13 Arizona Chairman, filed the necessary forms at the State’s Capitol to place this Citizens Initiative Constitutional Amendment on the 2012 ballot. The initiative allows property owners to seize control of their run-away property taxes by imposing a solid constitutional tax limit. The group must submit 256,213 valid voter signatures by July 5, 2012 to qualify.
Using California’s famous Proposition 13 as a model, this initiative caps the total tax rate at 0.5% for all residential property and 1.0% for all other real property. Valuations are based on purchase price for properties purchased on or after January 1, 2004. Older properties purchased before that date will use the County Assessor’s 2003 Full Cash Value for tax calculation purposes until the property is sold and a new purchase price established. Valuation increases are limited to no more than 2% per year. There are no exceptions to the tax caps.
Utilizing lessons learned during the group’s 2010 effort where they fell short of the required petition signatures, Prop 13 Arizona will use paid signature collectors for this campaign. The group incorporated and then filed for tax-exempt status as a 501(c)4 organization to facilitate fund raising.
“In addition to our 501(c)4 organization”, states Lynn Weaver, “we added a new provision modeled after California’s Proposition 8 from 1978. When the market value of a property falls below its purchase price, the owner can file a Decline-In-Value appeal with their County Assessor. After a reduction is granted, the property value rises with the market but cannot exceed purchase price plus the 2% maximum annual inflation adjustment. “
For a copy of the Initiative text go to: www.prop13Arizona.com
For more information, please contact:
Prop 13 Arizona
P.O. Box 30143
Phoenix, Arizona 85046