Private Property For Sale Centurion In Pima
Description
Form popularity
FAQ
Arizona follows a notice recording statute, which means that, while unrecorded transfers are valid between the parties to the deed (grantor and grantee), the grantor who, in violation of A.R.S. §33-411.01, fails to record the transaction, opens the grantee up to claims from future bona fide buyers for value.
Residential property falls into two main categories: Legal Class 3 and Legal Class 4. Each of these two legal classes have multiple subclasses, ranging from Primary Residence to Primary Residence that is also leased or rented to lodgers, as well as Non-Primary Residence to Qualifying LIHTC properties.
For a deed to be legal, it must state the name of the buyer and the seller, describe the property being transferred, and include the signature of the party transferring the property. In addition to being either official or private, deeds are classified as general warranty, special warranty, or quitclaim.
Each document must have original signatures or carbon copies of original signatures, except when otherwise provided by law. DOCUMENT AND PRINT SIZE: Each document must be no larger than 8 1/2 inches wide by 14 inches long, and shall have a print size no smaller than ten point type.
Recording Requirements Each document must have original signatures or carbon copies of original signatures, except when otherwise provided by law. Each document must be no larger than 8 1/2 inches wide by 14 inches long, and shall have a print size no smaller than ten point type.
The Pima County Assessor's Office created the Senior Property Valuation Protection program to help seniors save on property taxes. Homeowners can apply to the "Senior Freeze Program" in order to freeze the limited property value of their home for three years.
It must include certain elements to be considered valid: Legal Description of the Property: This includes boundaries and is more detailed than just an address. Grantor's and Grantee's Details: Names and legal capacities. Consideration: A statement of value exchanged for the property.
Assessed value = Property tax bill x (100 / Tax rate) Example: If your property tax bill is $3,400 and your county's department of finance tells you the real-estate tax rate is 1%, you can see that your assessed value is $340,000.
You can't deduct capital losses on the sale of personal use property. A personal use asset that is sold at a loss generally isn't reported on your tax return unless it was reported to you on a 1099-K and you can't get a corrected version from the issuer of the form.
If you sold a personal use asset for more than what you bought it for, then you would generally report that on the Stock or Investment Sale Information screen. You can report any selling expenses by reducing the amount you enter as "Sale Proceeds" by the amount of your selling expenses.