Proposed Amendment to the Constitution by the Legislature Relating to Property Tax Assessed Valuation

Arizona Ballot Measure - Proposition 117

Election: Nov. 6, 2012 (General)
Outcome: Passed

Yes: 1132768  (56.67%) Argument For
No: 866249  (43.33%) Argument Against

Categories:

Measure Text

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.

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.