The Town of Paradise Valley was incorporated in May of 1961. It encompasses an area of 16.5 square miles. The Town is exclusively zoned for single-family residential use. The majority of the Town is zoned for one-acre lots with one house per lot. No multiple housing units or common walls are permitted. Any land use other than residential must be authorized by a Special Use Permit, which may only be granted after public hearings before both the Planning Commission and the Town Council. Some authorized Special Uses are: religious facilities, resorts, medical clinics, stables, golf courses, or private The Town's population in 2005 was 13,816. The Town collects no property taxes from residents. The Town's main sources of revenue are a share of the State of Arizona sales tax, income tax and gasoline taxes, a 1.65% Town sales tax, a 3% Town bed tax, a 1.65% Town use tax; permit fees, annual franchise fees from the utilities, and interest from investments.
In November 1993, voters in the Town of Paradise Valley approved a Proposition allowing for an accumulation of funds to pay for specific projects. Current projects are: under grounding of utility lines, construction of sewer backbone systems, road improvements, and flood control projects.
The Town of Paradise Valley Municipal Property Corporation was formed in 1993 and issued $4.72 million of tax-exempt bonds. These bonds financed the construction of a new Police Department Building and other improvements to the Municipal Complex at Lincoln Drive and Inver Gordon.According to the United States Census Bureau, the town has a total area of 15.5 square miles (40.1 km²), all of it land.
In March 2008, the average home selling price in Paradise Valley was $2,040,313, with an average price per square foot of $432. These figures include both single-family homes and condominiums. This data is collected from the MLS.
Two mountains are located in Paradise Valley, Camelback Mountain and Mummy Mountain.
John Hall & Associates list the best of Paradise Valley’s real estate and provides useful information about how to choose the right property, negotiate the right offer, financing and mortgage rates, and everything else involved in making an informed real estate decision in today's market.
REALTORS® at John Hall & Associates are service-oriented, understanding, loyal and hard working. They have in-depth real estate experience and make the process of buying and selling a lot easier for their clients. John Hall & Associates offers a wealth of real estate resources and up to date property and community information right in one convenient location.
