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Go To www.ProtectOurHomes.com For Mor Information!
GOT PROTECTION FROM REAL ESTATE TRANSFER TAXES?
HERE IS THE CITIZEN'S INITIATIVE THAT WILL PROTECT OUR HOMES!
Vote "YES" in NOVEMBER
- A "YES" Vote will prohibit the state, county and a city from double taxing your home through a real state transfer tax.
- A "NO" Vote will leave you without protection, meaning the state, county and a city could pass real estate transfer taxes on your home at any time damaging your hard earned equity.
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.
Summary for this Initiative Pursuant to A.R.S. § 19-102.
This Initiative prohibits the government from charging any new tax on the sale or transfer of real property in Arizona. Currently, there are no real property sales or transfer taxes in Arizona. However, the government could enact a real property sale or transfer tax at any time. This Initiative will prohibit the enactment of any new real property sales or transfer tax by a constitutional amendment.
The Sun Corridor
The future is bright for the Sun Corridor. According to a new report released by the Brookings Institution on July 22, 2008, the Phoenix metropolitan area will be the focus of major growth and development over the next 30 years. The Sun Corridor is expected to draw approximately 5 million new residents over that period of time which equates to over 150,000 new residents each year.
The think tank further noted that in order to accommodate this tremendous growth Phoenix will need to further develop its transportation infrastructure and in particular the Phoenix-Mesa Gateway airport.
What does this mean for real estate? With home values currently depressed, this report affirms that now is the time to buy real estate in the Sun Corridor and particularly in the East Valley. While more houses will be built to accommodate the millions that will move here in the next few decades, those houses will be built further and further away from the epicenters of the metropolitan area. We saw this starting to happen at the end of this most recent boom with the development of Maricopa, Anthem and Florence. However, in real estate the key is and has always been location, location, location.
Right now it the perfect time to get a good deal on a home with a great location. With the 202 freeway now complete, homes within a few miles of the freeway will remain in demand for years to come. Similarly, with a larger focus on developing the Phoenix-Mesa Gateway airport, homes in and around the airport (which also happen to have great freeway access) will also retain their prominence.
Whether you are interested in buying your first home, upgrading your current home or purchasing investment property, we would be happy to help you navigate your real estate decisions. The verdict is definitely in and the Sun Corridor is the place to be. Don't miss this rare market opportunity to get a great home in a great location at 2008 values.
John Karadsheh, a Las Sendas resident, is a licensed REALTOR®, with Coldwell Banker Trails And Paths Premier Properties. He is also an Accredited Buyers Representative and a Certified Residential Specialist. You can contact John with any of your real estate questions. Call him at (602) 615-0843, or go to his Web site at www.BuyAndSellAZ.com.
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Real Estate is my passion and you will benefit from my expertise and love for what I do. Don't forget to vistit my state of the art website.... www.BuyAndSellAZ.com!
Not all Real Estate Professionals are the same. Some practice part-time while others work full time at representing Buyers and Sellers. The decision to select a full time agent over a part time agent is easy, but how do you decide which full time agent to entrust with the managing of your real estate transaction? The answer is easy.
The real estate industry has many different designations that can be earned by REALTORS® . These designations require many hours of additional classroom education along with minimum requirements for production. The following links are to the organizations to which I belong. As you will see earning these designations is an honor and is done with the sole purpose of being able to ensure my ability to handle your transaction!
Council of Residential Specialists www.CRS.com
Real Estate Buyer's Agents Council www.REBAC.net
National Association of REALTORS® www.REALTOR.org
Arizona Association of REALTORS® www.AARONLINE.com
South East Valley Association of REALTORS® www.SEVRAR.com
Visit my website at www.BuyAndSellAZ.com for more information.
We specialize in the finest Golf, Tennis & Hiking communities surrounding the Sonoran Desert. Whether you're looking for a luxury year-round home, that perfect second home, a custom lot for your dream home or a custom builder, we have extensive knowledge that can make your search productive, timely and enjoyable! We hope you will enjoy looking through our "Featured Homes" of available properties for each of these wonderful communities.
We are totally committed to assisting homeowners with all aspects of buying or selling their most valuable investment! We also hope you will rely on us to be your community expert for all your real estate needs and information. We appreciate your business and hope you will always feel comfortable contacting us at any time if you have any questions at all regarding your home or local real estate here in the valley of the sun.
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