Changes And Reclassification Put Tucson Homeowners At Risk
According to Pima County Assessor Bill Staples, approximately 235 homes in the Pima County area were reclassified from residential, to commercial assessments. Raising their tax rates from 10% to 18% in a one fell swoop. The purpose of this change was to address the growing disparity between the unregulated vacation rental business which has become more popularized on media such as AirBnB and HomeAway and the more closely regulated industry of the Bed and Breakfast operators here in Tucson.
For the unfortunate homeowners of more than one home in the Pima County area, there is a likelihood that the Pima County Assessor will be reviewing those homeowners in what by many is perceived to be a “Money grab” by the City of Tucson and Pima County.
According to the Arizona Daily Star, who interviewed Shana and Chris McGuire, said they owned two vacation rentals in Oro Valley, but decided to sell them after the assessor notified them of the changes.
As quoted in the Star, Chris McGuire stated that “I’m just trying to make a little bit of money and trying to make the mortgage… it just wasn’t worthwhile.”
Is It “Not Worth It” Anymore?
If you are becoming frustrated with the continuous changes that the City of Tucson is enacting, or the day to day dealings with tenants, and being a landlord.. then consider selling your home now!
If you are considering selling your Tucson home and you are wanting a fair, fast, all cash offer then call me now at 520-955-5222 or simply click here!