Arizona law does not recognize federal property exemptions, but establishes exemptions specific to Arizona residents. Do you want to know about the Arizona homestead exemption?You may need to record a Declaration of Homestead. The Department recognizes three categories of property tax exemption: General. Restricted, and Individual. Learn about Arizona's homestead exemption laws, including eligibility, benefits and how they protect your home from creditors in estate planning. Instead establishes exemptions specific to Arizona residents.2. No. Arizona's homestead exemption laws protect property in the case of bankruptcy, but they don't save homeowners on property taxes. What is a Declaration of Homestead? The homestead exemption protects individuals' equity in their home from judgment creditors.
