Home | Classifieds | Place Ad | Public Notices | Galleries | Kudos | Obits | Real Estate | Subscriber Services | Villager | Health Directory | Contact Us
The Verde Independent | Cottonwood, Arizona

home : opinions : letters April 29, 2016


8/23/2012 1:03:00 PM
Letter: Prop. 117 will benefit taxpayers

Editor:

Lynne Weaver’s characterization of Proposition 117, of which I was the prime sponsor in referring to the ballot, was inaccurate on a number of counts and begs for a rebuttal. While I can appreciate Ms. Weaver’s frustration in her repeated failures to gain support for her version of California’s Proposition 13, she damages her credibility by suggesting that Proposition 117 is not good for property taxpayers.

Proposition 117 received overwhelming bi-partisan support in the Legislative because it is a well crafted reform that will simplify and stabilize Arizona’s overly complicated property tax system. Arizona’s current system uses two taxable values, one of which has no limitation in annual growth. Prop 117 simplifies the system by moving to a single limited value. More importantly, the annual growth in that single limited value will be capped at 5 percent.

Ms. Weaver suggests that capping the annual growth in taxable value to 5 percent won’t benefit taxpayers. She would be hard pressed to convince the thousands of Arizona taxpayers that were exposed to huge tax increases during the real estate boom in the last decade. In fact, when Arizona homeowners were receiving 60 percent increases in their taxable values from county assessors across the state in 2007, more than 140 jurisdictions failed to decrease their tax rates. For example, homeowners in the City of Phoenix experienced a 64 percent increase in their secondary taxes paid to the city in just one year! A 5 percent limit on annual valuation growth will protect taxpayers from local governments looking to profit from a surge in the real estate market. No longer will elected officials be able to hide behind the shell game that they didn’t raise taxes because they didn’t increase the tax rate.

Lastly, Ms. Weaver asserts that the Arizona Tax Research Association (ATRA) is a lobbying organization that isn’t interested in limiting your taxes. ATRA’s staff are in fact registered lobbyists and as the current chairman of Senate Finance Committee, I am very appreciative of ATRA’s advocacy for taxpayers at the Capitol. Interestingly, Ms. Weaver criticizes a bill from last legislative session (HB2405) that would have doubled school district debt capacity. A little research on her part would have revealed that ATRA led the opposition to that bill and successfully helped kill it.

As someone who has studied property taxes for many years, I can tell you that no system is perfect. However, Arizona’s property tax system will be much improved with the passage Proposition 117. I strongly encourage your support of Proposition 117.

Sen. Steve Yarbrough

Chairman, Arizona Senate Finance Committee

Phoenix


Related Stories:
• What is Proposition 117?


    Most Viewed     Recently Commented
•   Ordinance would make Cottonwood first in Arizona to raise legal age to light up (2670 views)

•   Blaze destroys RV and jeep Sunday; freeway traffic blocked (2527 views)

•   Mingus Union's Mike Westcott named 2016 Yavapai County Teacher of the Year (2172 views)

•   Ruth Gaver released on probation (1937 views)

•   New subdivision, 500 homes: Vineyards at Cottonwood coming soon (1883 views)



Reader Comments

Posted: Monday, November 5, 2012
Article comment by: Intellectual Tax ..

Limits that constrain changes in assessed or appraised value of property may appear to provide control but actually distort the distribution of the property tax, destroying property tax equity and increasing public confusion and administrative complexity. Owners whose properties are increasing in value more rapidly than the permitted rate of increase (say, 5 percent) receive a windfall at the expense of those whose properties are decreasing in value or are increasing at lower rates. In effect, valuation increase limits result in lower effective property tax rates for owners of desirable property and higher effective property tax rates for owners of less desirable property. Similarly, when state funds are distributed to school districts or other taxing jurisdictions based on taxable property value (indirect equalization), funding will tend to shift from poorer areas to wealthier areas with rapid appreciation—an illogical and undesirable result. Legislators and the public should be made aware of the inequities resulting from valuation increase limits and be actively discouraged from pursuing such limitations. Any other control is preferable.

Posted: Sunday, September 30, 2012
Article comment by: Richard Hileman

Sen. Yarbrough I'm not convinced that this is necessary or beneficial legislation, My property tax assessment went down over $15000 this year over last year, I would have thought that this would have lead to a greatly reduced property tax. The reduction from last year to this year was a grand total of $2 dollars, I would not call that much difference. You need to cap the increase of the tax, because the assessment is irrelevant compared to the tax




Article Comment Submission Form
Comments are not posted immediately. Submissions must adhere to our Use of Service Terms of Use agreement. Rambling or nonsensical comments may not be posted. Comments are limited to Facebook character limits. In order for us to reasonably manage this feature we may limit excessive comment entries.
Submit an Article Comment
First Name:
Required
Last Name:
Required
Telephone:
Required
Email:
Required
Comment:
Required
Passcode:
Required
Anti-SPAM Passcode Click here to see a new mix of characters.
This is an anti-SPAM device. It is not case sensitive.
   


Advanced Search

HSE - We want to hear from you
Find more about Weather in Cottonwood, AZ
Click for weather forecast


Submission Links
 •  Submit your feedback about our site

Find It Features Blogs Celebrate Submit Extras Other Publications Local Listings
Classifieds | Place Ad | Galleries | Kudos | Real Estate | Subscriber Services | e-News | RSS | Site Map | Find Verde Jobs | Contact Us
© Copyright 2016 Western News&Info, Inc.® The Verde Independent is the information source for Cottonwood and Verde Valley area communities in Northern Arizona. Original content may not be reprinted or distributed without the written permission of Western News&Info, Inc.® Verde News Online is a service of WNI. By using the Site, verdenews.com ®, you agree to abide and be bound by the Site's terms of use and Privacy Policy, which prohibit commercial use of any information on the Site. Click here to submit your questions, comments or suggestions. Verde News Online is a proud publication of Western News&Info Inc.® All Rights Reserved.

Software © 1998-2016 1up! Software, All Rights Reserved