At what age do seniors stop paying property taxes in Arizona?

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.

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Contract for the Lease of Personal Property

Personal Property Document Without Comments In Phoenix

Category:

Leases - Contracts

State:

Multi-State

City:

Phoenix

Control #:

US-00123

Format:

Instant download

Description

The Personal Property Document without comments in Phoenix is a legal agreement specifically designed for leasing personal property between a Lessor and a Lessee. This document outlines the responsibilities and rights of both parties regarding the lease of certain identified personal property, as detailed in an attached exhibit. Key features of the form include stipulations on the lease term, maintenance obligations, and the procedures for repairs, which are the Lessee's responsibility. It also addresses the conditions under which the Lessee can assign or sublease the property. The document incorporates provisions for indemnity, attorney's fees in case of breach, and confirms the relationship between both parties, emphasizing that it is strictly a lease agreement. Users are instructed to complete the form carefully and ensure all necessary details are filled in, including dates and names. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who handle leasing agreements, providing a clear structure for the lease and ensuring compliance with legal requirements.

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FAQ

A personal property tax is imposed by state or local governments on certain assets that can be touched and moved such as cars, livestock, or equipment. Personal property includes assets other than land or permanent structures such as buildings. These are considered to be real property.

For property tax purposes in Arizona, personal property is defined as all types of property except real estate. Taxable personal property includes property used for commercial, industrial, and agricultural purposes. Personal property is considered to be movable and not permanently attached to real estate.

The owner has a distributive right to exclude others (i.e. the right to command a "fair share" of personal property). In anarchist theory, private property typically refers to capital or the means of production, while personal property refers to consumer and non-capital goods and services.

Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes.

Personal Property Personal belongings such as clothing and jewelry. Household items such as furniture, some appliances, and artwork. Vehicles such as cars, trucks, and boats. Bank accounts and investments such as stocks, bonds, and insurance policies.

Personal use property is used for personal enjoyment as opposed to business or investment purposes. These may include personally-owned cars, homes, appliances, apparel, food items, and so on.

This exemption amount is determined annually by the Arizona Department of Revenue per A.R.S. § 42-11127(C). Note: the Statutory Exemption is $248,691 in 2024.

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.