Land Donation For Taxes In Pima

Q: Who qualifies for property tax exemption in Arizona?

Personal Exemptions are part of the Office&#039;s Valuation Relief Programs Division: Personal Exemptions are offered to eligible Widows, Widowers, Totally Disabled Residents or Disabled Veterans with an Honorable Discharge.

Category:

Real Estate - Donations

State:

Multi-State

County:

Pima

Control #:

US-00207

Format:

Instant download

Description

The Agreement for Donation outlines the terms under which landowners donate property to the City for the development of a premium quality 18-hole golf course in Pima. The form is designed for real estate transactions involving land donations, specifically for tax-related benefits in Pima. Key features of the agreement include a detailed description of the gift, conditions precedent to donation, allowed uses of the donated property, and provisions for construction and maintenance. It specifies that the donation is contingent upon the owners' approval of the golf course design and other related developments. The owners retain rights, including a right of first refusal if the city intends to sell the property. This contract requires careful attention to construction schedules and compliance with local regulations regarding hazardous materials. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for navigating land donation agreements, ensuring compliance, and understanding the implications of property use in municipal development projects.

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FAQ

California law generally conforms to federal law with respect to deductions for charitable contributions of a donor's entire interest in real property or a charitable contribution of a conservation easement with some important exceptions, including, but not limited to, limitation of the deduction to a taxpayer's basis ...

Personal Exemptions are part of the Office's Valuation Relief Programs Division: Personal Exemptions are offered to eligible Widows, Widowers, Totally Disabled Residents or Disabled Veterans with an Honorable Discharge.

Age: At least one property owner must be the minimum qualifying age of 65 at the time of application. Residence: The property must be the owner(s) primary residence.

Does Arizona have any property tax exemptions? Widows/Widowers: Arizona allows a property tax exemption for widows and widowers who meet specific income and property value criteria. Disabled Individuals: Arizona residents who are totally and permanently disabled can qualify for a property tax exemption.

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.

Individual and Non-Profit/Organization Exemptions These exemptions are covered under A.R.S. Title 42, Chapter 11 Article 3. Some examples are: qualifying widows and widowers, 100% disabled persons, disabled veterans, qualifying religious organizations and qualifying educational facilities.

To apply for a property tax exemption in Arizona for a business or individual client, follow these steps: Determine Eligibility. Gather Required Documentation. Complete the Application Forms. Submit the Application. Annual Renewal. Contact County Assessor.

Age: At least one property owner must be the minimum qualifying age of 65 at the time of application. Residence: The property must be the owner(s) primary residence.

The counties in Arizona with the highest effective property tax rates are Pima County (0.82%), Yuma County (0.71%), and Cochise and La Paz Counties (0.67%). The counties in Arizona with the lowest effective property tax rates are Coconino County (0.45%), Greenlee County (0.30%), and Apache County (0.30%).