Institute seeks compensation for homeowners whose property rights have been violated
Phoenix--The Goldwater Institute filed legal claims today against Maricopa County totaling $20 million on behalf of more than 175 property owners. The compensation claims were filed under provisions of Proposition 207, the Private Property Rights Protection Act, which requires government to compensate property owners when it passes laws or rules that reduce existing property values.
The moratorium has caused severe reductions in property values--95 percent for vacant lots that were already zoned for housing and 50 percent for lots with single-family homes already built--and has prevented homeowners from doing simple renovations.
The Goldwater Institute is a nonprofit public policy research and litigation organization whose work is made possible by the generosity of its supporters.