Protect Your Arizona Home – Know the Facts about Proposition 100

Vote On 11/4 - Vote Yes on 100

Arizona currently does not have a real estate transfer tax – unlike 36 other states.  If you moved here from another state, chances are you have personal experience with this extra tax imposed on the sale or transfer of your property.

For Arizona’s homeowners, this would mean that a $200,000 property being sold or transferred could be taxed as much as $3940!

Currently Arizona real estate is already taxed based upon the value of the property.  A transfer tax would unfairly impose a second tax upon sale or transfer.  Sounds like double taxation to me. You?

We need to stop this before it has a chance to be raised. On November 4th 2008 voting “Yes” on the Protect Our Homes Initiative would prevent Arizona’s state or local governments from ever targeting our homes or property with a real estate transfer tax.

Your November 4th ballot will include the following verbiage:

AN INITIATIVE MEASURE
PROPOSING AN AMENDMENT TO ARTICLE IX OF THE ARIZONA
CONSTITUTION BY ADDING A NEW SECTION 24 RELATING TO A
PROHIBITION OF ANY NEW REAL PROPERTY SALE OR TRANSFER
TAX IN ARIZONA.
Be it enacted by the People of the State of Arizona:
1. Article IX, Section 24, Constitution of Arizona is proposed to be added as follows
if approved by the voters and on proclamation of the Governor:
ARTICLE IX, SECTION 24, PROHIBITION OF NEW REAL PROPERTY SALE OR
TRANSFER TAXES
THE STATE, ANY COUNTY, CITY, TOWN, MUNICIPALITY OR
OTHER POLITICAL SUBDIVISION OF THE STATE, OR ANY DISTRICT
CREATED BY LAW WITH AUTHORITY TO IMPOSE ANY TAX, FEE,
STAMP REQUIREMENT OR OTHER ASSESSMENT, SHALL NOT IMPOSE
ANY NEW TAX, FEE, STAMP REQUIREMENT OR OTHER ASSESSMENT,
DIRECT OR INDIRECT, ON THE ACT OR PRIVILEGE OF SELLING,
PURCHASING, GRANTING, ASSIGNING, TRANSFERRING, RECEIVING,
OR OTHERWISE CONVEYING ANY INTEREST IN REAL PROPERTY.
THIS SECTION DOES NOT APPLY TO ANY TAX, FEE, OR OTHER
ASSESSMENT IN EXISTENCE ON DECEMBER 31, 2007.
2. The Secretary of State shall submit this amendment to the voters at the next
general election as provided by Article XXI of the Arizona Constitution.

Your “Yes” vote actually means NO to this double taxation on your property.  Why give away your hard earned equity?

Get the Facts directly from the Protect Our Homes Website.  They have trained speakers available to speak to any local group.   Also consider a yard sign or bumper sticker.