rmkj, Other/Just Looking in Buckeye, AZ

Just wondering why the taxes the last 5 years have gone up in festival even though the real estate market was down.

Asked by rmkj, Buckeye, AZ Fri Mar 22, 2013

Help the community by answering this question:


Edie Wood’s answer
Taxes are very difficult to explain. Festival is a newer area developed in the last few years. It didn't even exist over 5 years ago. When homes were first built there, the tax rates and values were based upon land and property values without the real estate/house being built. Then they adjusted up when they were reassessed after the homes were built. Home and assesed values are differet but both have increased in the Festival area. If you have questions regarding specific properties, feel free to contact me as I live and work in the Buckeye area.

Edie Wood, Realtor
Arizona Team Realty
0 votes Thank Flag Link Sun Apr 14, 2013
I work and live in Buckeye, AZ. Since 2007, my taxes have decreased--until 2012 when they went up a couple of bucks. I am expecting them to go up a little bit more for 2013. However, since we hit bottom in 8/2012, we have seen dramatic increases in property values. My taxes have not gone up nearly as much as the 25% increase in my property value.
0 votes Thank Flag Link Mon Mar 25, 2013
That's because I'm paying your share. My house built in 2007 and the taxes have increased each year 25-40% with no upgrades. They have doubled in that time frame. Consider yourself blessed you bought on the right side of the tracks or your related to the assessor.
Flag Tue Mar 26, 2013
Your tax amount isn't based on how much your home is worth. http://www.Prop13Arizona.com does a good job explaining how crooked our tax system is.

This is the rough explanation of how it works. Each year the state and local municipalities figure out how much money they need, then they ask the tax assessor how much $$ in property values are out there then they figure how much is your share.

If we had a set tax rate, then if your home went down, then your taxes would go down. But the tax rate changes each year to make sure you pay your FAIR SHARE!

Nothing FAIR about it if you ask me.

Support Prop 13 Arizona.
0 votes Thank Flag Link Sat Mar 23, 2013
Thanks for the info on Az taxes. T/W a teacher from Wickenburg and she basically told me the same. Doesn't seem fair a 3500 sq ft house in surprise pays $1300 and I pay $4000 for 2500 sq ft house..is that Gouging the retirees? Time to go back to work!
Flag Tue Mar 26, 2013
Taxes always go up, it is a general rule of thumb. Rarely do they ever go down year after year.
0 votes Thank Flag Link Fri Mar 22, 2013
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