Limiting Property Taxes
Putting family budgets first
How the Mortgage Bailout Could Affect Your Property Tax Bill
Will your tax bill increase because the federal government takes over foreclosed properties?
That could very well happen because of a unique provision in
The Tax Foundation (www.TaxFoundation.org) Tax Counsel Joseph Henchman examined the impact that the federal bailout of lenders could have on state and local property tax collections. He explained that the bailout would transfer many mortgage-backed securities to the federal government in some form, and many foreclosures would give the federal government ownership until they could sell the property. Because property owned by the federal government is usually immune from state taxation, state and local officials might be worried about their future tax revenues.
That is not the case in
Prop 13
We are recruiting Team Captains willing to collect 1,000 signatures for Prop 13 Arizona.
You don't necessarily have to collect 1,000 signatures yourself although you could. You might want to team up with 9 friends with each of you collecting 100 signatures or maybe make your place of business a petition signing location. There are many possible ways to reach the goal.
Give us a call at 602-765-1344 for details.
Prop 13 Arizona features:
- Rolls back valuations to 2003 Full Cash Value or purchase price for properties purchased after December 31, 2003.
- Limits valuation increases to 2% per year.
- Caps total tax at 0.5% of valuation for all residential properties and 1% for all other real property (commercial property, vacant land).
- Eliminates overrides and exceptions to the tax caps.
David Zacharias (left), Vice Chairman of Prop 13 Arizona, and Keith Russell (right), Maricopa County Assessor, debate tax issues at an Anthem forum.
How to calculate your property tax savings with Prop 13 Arizona
Frequently Asked Questions About Prop 13 Arizona
Is your property assessment correct? See how to check for accuracy.
County Assessor candidates support Prop 13 Arizona
Pam Pearsall, Yavapai County
www.PamPearsall.com
Congratulations to Pam for winning the Primary Election and, without opposition in the General Election, will be the new Yavapai County Assessor.
Ron Reinagel, Pinal County
www.RonforAssessor.com
Congratulation to Ron for winning the Primary Election and will move on to the General Election for Pinal County Assessor.
We appreciate Pam Pearsall's and Ron Reinagel's continued support for Prop 13 Arizona and their service to their communities.
