This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
This exemption amount is determined annually by the Arizona Department of Revenue per A.R.S. § 42-11127(C). Note: the Statutory Exemption is $248,691 in 2024.
However, certain changes, such as new constructions or additions, parcel splits or consolidations, or changes to a property's use trigger a reassessment of the LPV.
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.
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.
Age 65 or older Single or HOH gets an additional $1,950 standard deduction ($1,850 for 2023); $1,550 each age 65 for MFJ, MFS or QW ($1,500 for 2023).
The property owner must be 65 or older. Property must be the owner's primary residence. Owner must have resided in the residence for at least two years. Property owner's annual income must be under $35,184 if one owner or under $43,980 if there are two or more owners.
The largest county in Arizona, Maricopa County, is home to the city of Phoenix and surrounding cities like Mesa, Chandler and Glendale. The average effective tax rate in the county is just 0.51%. Rates vary by city and school district, though.