Vox

Musings, rants, rambling, general nonsense

AZ Proposition 117 (2012)

Posted on | October 7, 2012 | No Comments

Prop 117: Beginning in 2014, sets a limit on the annual percentage increase in property values used to determine property taxes to no more than 5% above the previous year, and establishes a single limited property value as the basis for determining all property taxes on real property.

For me, this definitely fits the definition of an unnecessary law – and even less necessary Constitutional change. It is an attempt to treat the symptom rather than the cause.

As you’ll see from my post on Proposition 116 (when I get it written), I am strongly in favor of any statute that reduces or eliminates taxes. Prop 117, however, does nothing about the tax rates charged – only caps the year-to-year valuation they are based on.

If we believe that property valuations are being improperly figured, we should address that process. Do we face corruption in the assessors office? We should address that. A cap on the year-to-year valuation change is a band-aid at best.

We should challenge property tax rates.
We should challenge the misuse of funds gathered via property taxes.

Should we really alter the Constitution to rein in non-existent ballooning valuation?

  • A “yes” vote shall have the effect of setting a limit on the annual percentage increase in property values used to determine property taxes to no more than 5% above the previous year, and establishes a single limited property value as the basis for determining all property taxes on real property, beginning in 2014.
  • A “no” vote shall have the effect of keeping current constitutional law related to calculating property values and taxes.

This one is a NO

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Category: AZ, politics
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