If you’re a Senior 65 or over did you know you may be able to freeze your Property Value…
Recently you should have received your Property Tax Assessment from the County in which you live. Seniors who fall into the qualifying criteria below can freeze their PROPERTY VALUE for 3 years and then can reapply if they are still eligible.
BENEFIT: To Freeze the Limited Property Value of your Primary Residence.
Should you qualify for the program, it is important to understand, your TAXES are NOT frozen.
The freeze applies only to the LIMITED PROPERTY VALUE (Taxable Value) of your property and will remain frozen even in the event of a declining real estate market. Any changes to the property such as new construction or demolitions will change your LIMITED PROPERTY VALUE (Taxable Value).
Deadline and qualifications:
DEADLINE TO FILE: SEPT 1, 2021 AT 5:00 PM
AGE: At least one property owner must be the minimum qualifying age of 65 at the time of application.
ONE OWNER Income limit $ 38,112
TWO OR MORE owners limit $ 47,640
Additional info can be found on the handout that is attached to the applications linked below. If you have questions please contact your local County Assessor’s Office.
YAVAPAI COUNTY:
Senior Property Value Protection Application and Handout
COCONINO COUNTY:
Information:
https://www.coconino.az.gov/122/Property-Tax-Relief-Programs
Application:
https://www.coconino.az.gov/DocumentCenter/View/875/Senior-Property-Valuation-Protection?bidId=
MARICOPA COUNTY:
https://www.mcassessor.maricopa.gov/file/valuation_relief/forms/Senior-Valuation-Protection-Form.pdf
PIMA COUNTY:
https://www.asr.pima.gov/Downloads/Forms/104APP.pdf