Arizona REALTOR® fight for fair property tax rates

In the 2016 Arizona Legislative session, Arizona REALTORS® opposed a bill that would give tax breaks to for-profit universities and shift the tax burden to Arizona property owners.

Senate Bill 1402 would have reduced the universities’ tax rates from 18.5% to 5% while property owners would continue paying 10%. Plus, property taxes would have been increased to make up the difference! This isn’t fair, so the Arizona REALTORS® fought on behalf of Arizona property owners and helped defeat this bill.