Do you qualify for Homeowners Tax Freeze for Senior’s in Arizona?
At least 12 states authorize some form of property tax freeze for senior homeowners. The states are Arizona, Arkansas, Georgia, Illinois, Louisiana, New Jersey, New Mexico, Oklahoma, Rhode Island, South Dakota, Texas and Washington State. Five also extend the freeze to taxpayers with disabilities, regardless of age. As a senior in Arizona you may be eligible for a Tax Freeze on the taxable market value of your home. This includes Phoenix active adult communities, as well as, homes outside of those communities. The intent is to help low income seniors.
What is it?
The official name of the program is called The Senior Valuation Protection Option. It freezes the property valuation of residential homeowners who are 65 or older as of January 1st. The property valuation includes the residence and land up to 10 acres. It does not freeze your taxes just the property value. You must apply and qualify with the county. September 1st of every year is the deadline.
How do you qualify?
To qualify you must meet certain criteria:
1. 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. Property owner’s name must be on the title.
Currently, in Maricopa County, property owner(s) total income including taxable and nontaxable income must be under $35,184 for a single owner and $43,982 for 2 or more owners. The last 3 years taxes are averaged. Check your county for specifics on income requirements and updates on the program as the total income does get revised.
How do you apply?
The application deadline for filing in September 1. You can download the application from the Assessor’s Office for from this link, Form DOR 82104. In many of the active adult communities there are local resources to help you file. Sun City West for example has a county assessor representative available within the community at PORA a few days a week to assist residence with filing. Check with your active adult community or city for local help filing.
Include with your application:
1. Proof of age
2. Proof of residency
3. Proof of all income