Press Room
WhatsNew:
Prop 13 Arizona has filed for the 2012 ballot!.
June 27, 2011
The Prop 13 Arizona initiative has officially begun!
CurrentNews:
Paradise Valley proposes a $5.7M override + $203M bond
Your property taxes are going up more than you think.
Read the full article here
RecentEvents:
Coming soon
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
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For more information, please contact:
Lynne Weaver
Prop 13 Arizona
P.O. Box 30143
Phoenix, Arizona 85046
602 765-1344
