Did you Know?

• Arizona is the only state with primary and secondary property taxes.

• Passage or Prop 13 Arizona will require a new school funding formula.

• When valuations decline tax rates automatically rise to assure no taxing district receives less tax revenue than the prior year. (Click on this link and skip forward to 1:07 for an explanation)

• Prop13 Arizona needs 230,047 petition signatures to qualify for the 2010 ballot.

• Most people will pay 10% higher primary taxes in 2009 even though their Full Cash Value declined significantly

• Property tax bills have no real relationship to the value of your property.

• The government can manipulate your property taxes just to fill their coffers.

• Arizona property taxes only go up unless bond issues are retired or overrides are allowed to expire.

• Taxing districts decide how much they want to spend, then look at the total value of property in their district, divide one by the other, come up with a tax rate, apply it to  your valuation, and send you your part of the bill.  Government’s desire to spend drives the process.

• Lines drawn through some initiative text indicate constitutional language the initiative deletes.  New text is in capital letters.  This is required by law.

• Howard Jarvis passed California’s Prop 13 with a 64% majority.  It was his 4^th attempt to pass the initiative.

• California’s Prop 13 reduced tax rates from 3% to 1%.  It reduced property tax revenue by 57% in the first year yet all government services went on uninterrupted.

• After Prop 13 was adopted in California in 1978, residents and businesses paid a lower tax rate, yet REVENUE to Los Angeles county alone actually increased an average of 7.5% per year over the last 30 years.