We need to support Property Tax reform which will be a pivotal issue in the November 2008 election. Between now and then property owners across the state will have received two property tax bills showing for many yet more double digit property tax increases. Under the present system taxes increase based on the 20% to 50% annual valuation increases, yet our income and ability to pay increases at perhaps 3 to 5%. This has been going on for several years and the disparity is now threatening not only our Seniors but working families as well. How many of the increasing foreclosures are at least in part due to the inability to pay taxes?
To learn more please visit the Arizona Tax Revolt WEB site www.ArizonaTaxRevolt.ORG where you can volunteer by filling out the “volunteer form,” check the “coordinator” box if you have experience organizing petition drives and would like to help with this. We have until July 2008 to collect the signatures but need to get in gear now.
These property tax initiatives will rollback and limit annual increases to both property tax levies (spending) and valuations benefiting ALL current property owners, renters, our children and grandchildren. The measures are based on Prop 13 with several improvements. They will over time save property owners thousands of dollars. K-12 school funding will not be affected though their property tax revenue will be reduced. Should there be a need the voters can elect with a 2/3 vote in a November election to increases taxes.
Marc Goldstone, Chair.
Arizona Tax Revolt
(602) 388-8833
Saturday, September 22, 2007
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Before you volunteer for Arizona Tax Revolt, please go to their website and read the actual text of the initiatives.
Here's a sample from their "rollback" initiative:
"...HAVING BOTH A FULL CASH VALUE WITHIN TWENTY PER CENT OF THE FULL CASH VALUE OF THE PARCEL BEING VALUED, AND A UNIFORM PROPERTY VALUE COMPUTED IN THE CURRENT TAX YEAR BY THE PROVISIONS OF EITHER PARAGRAPHS (b) OR (c) OF THIS SUBSECTION, BE COMPUTED BASED ON SUCH COMPARABLE PARCELS, WITH A PREFERENCE FOR SELECTING COMPARABLE PARCELS LOCATED IN CLOSE PROXIMITY TO THE PARCEL BEING VALUED, AND USING A WEIGHTED MEAN METHOD SUCH AS LINEAR LEAST SQUARES REGRESSION TO COMPUTE THE PARCEL'S UNIFORM PROPERTY VALUE FROM THE COMPARABLE PARCEL VALUATIONS."
People don't vote for things they don't understand.
Prop 13 Arizona brings the property tax protections of California's Prop 13 to our state.
It rolls back valuations to 2003 or purchase price after December 31, 2003, caps total tax at 1/2 of 1% for residential and 1% for all other real property, limits valuation increases to 2% per year, and eliminates overrides and exceptions to the tax limits.
Visit our website at www.Prop13Arizona.com, read our initiative language, and decide for yourself which initiative will give you better property tax protection.
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