A concurrent resolution proposing an amendment to the constitution of Arizona; amending Article ix, Section 18, constitution of Arizona; relating to property tax assessed 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.
Find out more about each proposition. Learn the submitted arguments for and against each proposition, what effect a "Yes" or a "No" vote would have, and watch videos of any related coverage on Horizon.
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