The Town of Paradise Valley was incorporated in May of
1961. [History
of the Town] It encompasses an area of 16.5 square
miles. [Map
of the Town] 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 schools.
DEMOGRAPHICS: The Town's population in 2005 was
13,816.
Demographic profile
FINANCES: 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. [Town
budget]
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:
undergrounding 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 Invergordon.
In December 1998, the Town of Paradise Valley Municipal
Property Corporation was authorized to issue $9,170,000 in
aggregate excise tax revenue bonds to finance a sewer project.
The Town is not a full service community. Residents must
contract separately for solid waste removal and water
service.
List of contact numbers.
Size - 16 square miles
Elevation - 1,340 ft (at Town Hall)
Median age - 46.3 years - 75% of the population is over 18
Education - 69.1% of the population are college graduates -
32.1% have graduate or professional degrees
Median household income - $150,228 - 42.3% of the population
earns $200,000 or more (1999)
Median home value - $925,000 (2004 estimate)
Housing - There are 5,550 total housing units in Paradise
Valley, of which 97% are owner-occupied and 3% are rented.
Awards - Tree City USA 1996 - 2007
"Let me help you purchase your home in Paradise Valley Arizona"
If you are planning to buy real estate in Chandler, Scottsdale, Mesa, Phoenix and Gilbert, Arizona, "Let me take you shopping." Call now. 1-800-594-7512.
