Mortgage Payoff Statement Form For Tax Purposes In Pima
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The Senior Valuation Protection program enables qualified seniors to have their Limited Value frozen, which is the basis for all property taxes, frozen in 3 year increments to protect against the potential of an increasing real estate market.
This does not freeze your property tax bill, but it does freeze the property valuation. To qualify, you must meet the following criteria: Property owner must be 65 years of age or older. Property must be the primary residence and the owner(s) must have resided at the residence for at least 2 years.
Property Tax Bills Across Pima County, Arizona In Pima County, AZ, property tax bills are determined by assessing the value of a property and applying the appropriate tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor.
The Senior Property Valuation Protection Option (Senior Freeze) is available to residential homeowners, 65 years of age or older, who meet specific guidelines based on income, ownership, and residency (Arizona Constitution, Article 9, Section 18.)
If the piece of property you're looking to buy is in a county that doesn't have an online database, you can always call the county's Treasurer's office and give them the parcel number. They will be able to look up any back taxes and tax liens for you.
To claim the Arizona Property Tax Credit all the following must apply: You were a resident of Arizona for all of 2024. You (or your spouse) were either 65 or older or received Title 16 Supplemental Security Income (SSI) payments during 2024.
