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Frequent Questions |
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Senior Property Valuation Protection
Information
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.) Please be aware, the program will
freeze the Limited Property Value of your property
for three years, regardless if future property
values increase or decrease.
If you are applying for the first time, please submit
your application in person
to the Assessor’s Office. The valuation freeze is for three years and is renewable
after that time period, if the property owner still qualifies. This does not freeze
your property tax bill but does freeze property valuation. Please carefully read
the information below and contact our office if you have any questions about the
process.
..............................................................................................
Application Deadline:
March 1st thru September 1st, 2021
..............................................................................................
Important to Note:
It is important to understand, should you qualify
for the program your PROPERTY TAXES are NOT
FROZEN.
The freeze applies only to the
LIMITED PROPERTY VALUE of your property and will remain frozen even in the event
of a declining real estate market. Any changes to the property such as new construction
or demolitions that will change your FULL CASH VALUE will result in the removal
of the freeze.
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. A qualified owner can have only one primary
residence and must have resided in the residence for two years at
the time of application. This protection includes
up to ten acres
of land including the primary residence identified by one parcel
number. Please bring your Arizona Driver License.
If your license is less than 2 years old, please bring
supporting documentation that shows at least two years of residency
at your current address; voter registration card, utility statement,
vehicle registration, etc.
-
OWNERSHIP:
If the property is held in trust, provide proof of trustees along
with the application to determine ownership eligibility.
Any
change in ownership may result in the loss of the Freeze.
-
INCOME
LIMIT:
All gross income,
taxable and non-taxable, of
all owners
will be used to determine eligibility.
$38,112
- One Owner
$47,640
- Two or More Owners
-
INCOME
VERIFICATION: When applying for property
valuation protection, documentation (W-2's, 1099's, & tax returns)
to verify
all gross income,
residency and age
must be submitted
with the application. Applications must be submitted in person to
the Assessor's office; NO applications by mail will be accepted.
The list below offers examples of acceptable income verification
forms.
- Federal Income
Tax Return
- Dividends &
Interest
- Business/Farm
Income
- Veteran Disability
Pension Ins
- Alimony/Welfare
Payments
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- Social Security
Benefits
- Capital Gains/IRA
Income
- Rent & Royalty
Income
- Workman's Compensation
- Retirement/Pension
& Annuity
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- Wages/Salaries/Tips
- Disability Compensation
- Railroad Retirement
- AZ Unemployment
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-
REQUALIFICATION:
Once qualified, the freeze is in effect for a three-year period,
unless otherwise indicated by law. The Assessor will notify the
property owner(s) six months prior to the expiration of the current
period, reminding them they must re-qualify for the protection to
continue.
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Assessor's Office |
31 N Pinal Street
Building E
Florence, AZ 85132
Office Hours
Monday to Friday
8:00AM to 5:00PM
Office: 520.866.6361
Fax: 520.866.6353
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