Despite Soaring Property Values, a 10-Year-Old Ballot Initiative Keeps Arizona Taxes Lower

A decision by voters 10 years ago is keeping most Arizonans’ property taxes from skyrocketing as the market values on their homes rise as fast as anywhere else in America.

Property analytics company CoreLogic released its monthly Home Price Index last week showing U.S. home prices increased a record 20.9% in March compared to a year prior.

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