Proposition 100

I have had several people ask me how to vote on Proposition 100. This proposition is critical to Real Estate and property owners here in Arizona and could greatly impact you when you buy or sell a home.

Proposition 100, The Protect Our Homes Initiative, will protect both families and businesses from the damaging effects of a real estate sales or transfer tax. A real estate sales or transfer tax is a state or local government imposed tax that is collected when you sell or transfer ownership of your home, land or commercial real estate. While Arizona currently does not have such a tax, there is nothing to stop one from being enacted at any time. Proposition 100 will ensure that real estate sales or transfer tax is never a burden Arizonans have to face. Proposition 100 will protect the equity that people have worked hard to build in their homes and property. Since home and property owners already pay annual property taxes, an additional tax would be double taxation. Further, Proposition 100 will help keep housing affordable in Arizona by preventing a rise in closing costs and will allow more Arizonans and their families to purchase a home or property while protecting those living on fixed or low income.
Vote YES on Proposition 100.