Residence Homestead Exemption Application Form 50-114 In Maricopa

State:
Multi-State
County:
Maricopa
Control #:
US-0032LTR
Format:
Word; 
Rich Text
Instant download

Description

The Residence Homestead Exemption Application form 50-114 in Maricopa is essential for homeowners seeking to reduce their property tax burden. This form allows residents to affirm their primary home status and claim an exemption that can lower assessed property taxes significantly. The application can be filled out easily by providing basic personal information, property details, and evidence of eligibility such as residency proof. It caters primarily to attorneys, owners, and legal professionals who assist clients in property tax matters. They can guide users through the application process and ensure all required documentation is submitted correctly and timely. Partners, paralegals, and legal assistants may use the form to gather necessary information for their clients and help them understand the benefits of the homestead exemption. The instructions for editing the form are straightforward, focusing on clarity and simplicity, which aligns well with the needs of users with varying degrees of legal experience. Completing this form is crucial for those who want to optimize their financial situation through available tax benefits.

Form popularity

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.

Exemption Status LookUp Under 'Property Search,' type in the address or Quick Reference ID Number of the property. Click on the Owner Information that populates pertaining to the property you are searching. On the Details page, under 'More Resources' select 'Exemption Status LookUp.

Qualifications. 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. A "primary" residence is that residence which is occupied by the property owner(s) for an aggregate of nine months of the calendar year.

Check the Status of Your Application We strive to process exemptions as quickly as possible, but at times processing could take up to 90 days to process, per Texas Property Tax Code Section 11.45. Please allow at least 90 days to lapse before contacting our office to check when your application will be processed.

You will receive a receipt by mail as proof that your exemption application was received and processed within 45 days of filing. If you wish to confirm the status of your application, you may view your property record utilizing the Property Search function. See the Taxable Values and Exemptions section.

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.)

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.

Trusted and secure by over 3 million people of the world’s leading companies

Residence Homestead Exemption Application Form 50-114 In Maricopa