This comprehensive guide delves into how the Act not only safeguards your home's equity but also plays a pivotal role in scenarios like divorce and bankruptcy. To qualify, you must live in the home as your primary residence.First and foremost you must complete a statespecific homestead declaration. This legally protects you from many little-known situations. A homestead exemption is a legal provision that shields a home from some creditors following the death of a homeowner's spouse or the declaration of bankruptcy. The Arizona Department of Revenue (Department or ADOR) administers the property tax system in cooperation with the 15 county assessors, among others. What is a homestead exemption? You must live in the home to qualify for the tax break. Washington Street, Phoenix, AZ 85007.

Homestead Act In Simple Terms In Phoenix

Description

Related forms

Show more info

Form Rating

Form popularity

More info

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