Homestead Act Example In Pima
Description
Form popularity
FAQ
Arizona allows a $4,748 Assessed Value property exemption to Arizona resident property owners qualifying as a widow/widower, or a person with total and permanent disability, or a veteran with a service or non-service connected disability.
Property owner (applicant) must be 65 years of age or older. 2. The property must be the primary residence of the property owner and must have lived there for at least 2 years. 3.
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.
Arizona Program Overview. Property Tax-Aide features two widely available property tax relief programs for older residents, the Senior Citizen Property Tax Refund Credit, which is available to both homeowners and renters, and the Senior Property Valuation Protection, also known as Senior Freeze.
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.
Claiming a Homestead Exemption The Arizona homestead exemption is automatic, meaning that no written claim is required. If a person desires to waive the exemption, the person must record the waiver in the office of the county recorder.
