Pima County's Surprising New Property Tax Plan Is Quietly Shaking Up The Real Estate Market
- A recent policy shift in Pima County will allow eligible homeowners to freeze their property taxes starting next year, potentially saving long-term residents thousands of dollars annually.
- The incentive is designed to combat displacement in rapidly appreciating neighborhoods near Tucson, where median home values have spiked over 15% in the last 12 months.
- To qualify, homeowners must have owned and lived in their Pima County property for at least 10 years and meet specific income thresholds.
- Critics argue the freeze unfairly benefits wealthier enclaves in Oro Valley and Marana, while tenant advocates say the plan ignores renters who face even steeper cost hikes.
- If approved by the state legislature, Pima County could become a model for other Arizona counties struggling with housing affordability crises.