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.

Homestead tax exemptions usually offer a fixed discount on taxes, such as exempting the first $50,000 of the assessed value with the remainder taxed at the normal rate. With a $50,000 homestead exemption, a home valued at $150,000 would be taxed on only $100,000 of assessed value.

A homestead exemption protects $400,000 equity in a person's dwelling from attachment, execution and forced sale. A homestead means a dwelling in which a person resides. The dwelling may be a house, condominium, or mobile home.

The Senior Property Valuation Protection Option (Senior Freeze) is available to residential homeowners, 65 years of age or older, who meet specific guidelines based on income, ownership, and residency (Arizona Constitution, Article 9, Section 18.)

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.

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.

If you own a house in Arizona, you may be able to take advantage of the Arizona Homestead Exemption. It protects up to $400,000 of equity in your home (adjusted for inflation). To qualify, you must live in the home as your primary residence.

A homestead does not protect you against: Foreclosure of your home by mortgage lender if you are behind on payments; The enforcement of a mechanic's lien; A judgment for child or spousal support.

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It involves completing a form and submitting it to the county recorder's office. Arizona law does not recognize federal property exemptions, but establishes exemptions specific to Arizona residents.The Arizona homestead exemption is automatic you don't have to file a homestead declaration to claim the homestead exemption in bankruptcy. What is Arizona's Homestead Exemption? Learn about Arizona's homestead exemption laws, including eligibility, benefits and how they protect your home from creditors in estate planning. What is a Declaration of Homestead? Arizona Homestead Protection is a set of state laws designed to protect the value of homes of state residents from attachment, execution, and forced sale. First and foremost you must complete a statespecific homestead declaration. This legally protects you from many little-known situations. The new law increased certain statutory exemptions including the homestead exemption.

Homestead Act Information For Parents In Arizona

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