Types Of Homestead Exemptions In Arizona

State:
Multi-State
Control #:
US-0032LTR
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Word; 
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Description

Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.

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FAQ

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.

This does not freeze your property tax bill, but it does freeze the property valuation. To qualify, you must meet the following criteria: Property owner must be 65 years of age or older. Property must be the primary residence and the owner(s) must have resided at the residence for at least 2 years.

The Basic Rules. The homestead exemption is available to any adult (18 or over) who resides within the state. Only one homestead may be held by a married couple or a single person. The value of the homestead refers to the equity of a single person or married couple.

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.

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.

More info

The dwelling may be a house, condominium, or mobile home. To qualify, you must live in the home as your primary residence.Individual exemptions may be granted for only one of these categories at a time and are subject to certain limitations, such as an assessed property value. Diverse Property Types: It covers a person's stake in different kinds of properties where they live. The Department recognizes three categories of property tax exemption: General. Restricted, and Individual. Any person eighteen years of age or over, married or single, who resides within this state may hold as a homestead exempt from execution and forced sale. Title Dept: Where do I get the deed forms to fill out? Any person eighteen years of age or over, married or single, who resides within this state may hold as a homestead exempt from execution and forced sale.

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Types Of Homestead Exemptions In Arizona