This form is a contract for the lease of personal property. The lessor demises and leases to the lessee and the lessee takes and rents from the lessor certain personal property described in Exhibit "A".
Personal Property Statement Without Holdback In Maricopa
Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00123
Format:
Word;
Rich Text
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FAQ
The state of Arizona has relatively low property tax rates, thanks in part to a law that caps the total tax rate on owner-occupied homes. The average effective tax rate in the state is 0.51%, which is well below the 0.99% national average. Not in Arizona?
2024 Arizona state income tax rates and tax brackets Arizona has a flat income tax rate of 2.5%. This rate applies to taxable income earned in 2024, which is reported on 2025 state tax returns.
Under A.R.S. 42-13301 the LPV is the limited property value of the property in the preceding valuation year plus five percent of that value.
The business personal property tax exemption for tax year 2024 is $248,691. The dollar amount of this exemption is increased annually. A.R.S.
Property taxes in Arizona are imposed on both real and personal property.
Qualifications. Age: At least one property owner must be the minimum qualifying age of 65 at the time of application. Residence: The property must be the owner(s) primary residence. A "primary" residence is that residence which is occupied by the property owner(s) for an aggregate of nine months of the calendar year.
To qualify you must meet certain criteria: 1. Property owner (applicant) must be 65 years of age or older. 2.
The personal exemption for tax year 2024 remains at 0, as it was for 2023. This elimination of the personal exemption was a provision in the Tax Cuts and Jobs Act.
Property taxes in Arizona are imposed on both real and personal property.