During last year's hot, sweaty real estate boogie, Jim Malone was a wallflower. Malone was sitting the dance out in his South Side home, where he and his wife have lived for the last 52 years and raised their two daughters. Last week, he felt a little of the vibration from the dance floor...
Property Tax
Capitol Media Services
Tuesday, March 7, 2006
State senators approved their own version of a property tax revolt Monday. Without a word of dissent, the Senate gave preliminary approval to a measure to cap the year-over-year increase in the taxable value of homes and businesses to no more than 2 percent.
The voice vote comes within days of homeowners getting their latest notices from county assessors showing their new valuations. In some cases, hikes have been in the 50 percent range.
The Arizona Republic
Saturday, March 4, 2006
Escalating property values across Arizona appear destined to push property taxes to new heights.
The question is: How high? That depends on whom you ask.
The precise answer won't be known until 18 or so months from now after local governments and taxing entities have set their budgets and tax rates. But many homeowners aren't waiting.
The Arizona Republic
Friday, March 3, 2006
Fed up with rising property valuations that it fears will lead to sky-high taxes, a group has started a petition drive to bring California-style limits on property taxes to Arizona.
The measure, if it gets on the November ballot, would use 2003 property valuations as the basis for future tax bills, negating any potential effect from this year's higher levels. Taxes would be limited to 1 percent of the property's assessed valuation.
The Arizona Republic
Friday, March 3, 2006
For years, Arizona politicians have played a con game about property taxes.
They would hold the line on property-tax rates and claim not to be raising taxes. They would then pocket and spend the additional revenue brought in when those rates were applied to increasing property values.
The Arizona Republic
Sunday, January 1, 2006
Property values have gone up dramatically.
That means tax bills will go up.
That is why several lawmakers propose that a key property tax should come down, noting that the state has a $750 million budget surplus that makes it affordable to cut taxes.
A property-tax cut would save money for owners of business and residential properties and shift about $200 million of school funding onto the state General Fund.
Casa Grande Dispatch
Saturday, October 8, 2005
Central Arizona Valley Institute of Technology Governing Board members reported Wednesday that their meeting Sept. 26 with the Coolidge City Council looked promising.
Three CAVIT board members and the superintendent met with the council to see if Coolidge would donate or sell 30 to 50 acres for a permanent CAVIT campus.
Holbrook Tribune-News
Friday, September 2, 2005
"The county attorneys in three different counties, as well as a Flagstaff law firm, have been looking at this issue, and they’ve all come to different conclusions," said Deputy County Attorney Lance Payette regarding a request by the Northeastern Arizona Technological Institute of Vocational Education (NATIVE) to raise its tax levy from five cents to $1.25 per $100 of assessed valuation in the Kayenta and Piñon school districts.
The Arizona Republic
Sunday, March 6, 2005
Construction and skyrocketing property values could translate into millions of dollars in extra funds for cities, schools and Maricopa County agencies this year.
That boost could spell some relief for cash-strapped government agencies.
The Arizona Republic
Wednesday, December 8, 2004
Arizona business property taxes are high and lowering them would be economically productive.
But it seems that lawmakers are mostly looking at bad ways to do a good thing.
The problem is Arizona's complicated property tax system. All property is appraised at its market value. Property tax rates, however, are applied to 25 percent of that value for businesses, but only 10 percent for homeowners.