Arizona State News

10/16/2012

 
Prop. 117 Aims to Simplify Property-Tax System

Arizona has one of the most complicated property-tax systems in the nation. It’s the only state that taxes two tiers of valuations, something that confuses many homeowners.

Backers of Proposition 117 want to simplify the system and protect homeowners from big swings in taxes caused by ups and downs in home values.  Known as the Arizona Property Tax Assessed Valuation Amendment, the measure would limit property taxes to no more than a 5 percent annual increase on only assessed values.

Kevin McCarthy, president of the Arizona Tax Research Association, is leading the campaign for Prop. 117.  Read More

Association Endorsed Candidates                Arizona Election & Voting Center

 


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