Arizona Revised Statutes Title 42 — Taxation
A.R.S. § 42-17302
Election to defer residential property taxes; qualifications
42-17302 . Election to defer residential property taxes; qualifications A. An individual who meets the qualifications prescribed by this section, or the individual's legal representative, may elect to defer property taxes on the individual's qualifying residence for a taxable year pursuant to this article. B. To qualify for the deferral the individual shall meet all of the following requirements:
# 1.
The individual shall be at least seventy years of age on the date the deferral claim form is filed.
# 2.
The individual, either individually or with another individual who resides in the residence, shall own the residence or be purchasing the residence under a recorded instrument of sale or shall hold the property under the terms of a real estate trust.
# 3.
The individual must either:
# (a)
Have lived in the current residence for at least six years immediately preceding the date the deferral claim form is filed.
# (b)
Have lived in this state for at least ten years immediately preceding the date the deferral claim form is filed.
# 4.
The individual may not own or have any legal, equitable, beneficial or security interest in any other residence or other real property, wherever it may be located, except indirectly through an investment security, such as a mutual fund, that includes real property among its assets. C. In the case of a married couple, both spouses shall: 1. Meet the requirements prescribed by subsection B. 2. Consent to the deferral of taxes, regardless of whether both spouses have an ownership interest in the residence. D. In addition to the requirements prescribed by subsections B and C, the total taxable income of all persons residing in the residence for the taxable year immediately preceding the current year may not exceed ten thousand dollars.
Source: view the official text
In this chapter (40 sections)
- 42-17101 · Annual county and municipal financial statement and estimate…
- 42-17102 · Contents of estimate of expenses
- 42-17103 · Public access to estimates of revenues and expenses; notice…
- 42-17104 · Public hearing on expenditures and tax levy
- 42-17105 · Adoption of budget
- 42-17106 · Expenditures limited to budgeted purposes; transfer of monies
- 42-17107 · Truth in taxation notice and hearing; roll call vote on tax…
- 42-17108 · Encumbering municipal monies to pay obligations after close…
- 42-17109 · Alternative and additional method of leasing municipal…
- 42-17110 · Budget of a newly incorporated city or town
- 42-17151 · County, municipal, community college and school tax levy
- 42-17152 · Extending tax roll; limitation on residential property tax;…
- 42-17153 · Lien for taxes; time lien attaches; priority
- 42-17154 · Attachment of lien to real and personal property,…
- 42-17155 · County property tax information worksheet
- 42-17201 · County levy limit override
- 42-17202 · Community college district levy limit override
- 42-17203 · County levy for community college; election
- 42-17251 · Extension of assessment roll to all taxing jurisdictions in…
- 42-17252 · Municipal assessment and tax roll
- 42-17253 · Computing municipal tax rate; levy
- 42-17254 · Assessment and collection of municipal taxes
- 42-17255 · Remitting tax collections to municipality
- 42-17256 · Application of tax law to municipal taxes; special taxes and…
- 42-17257 · Notice of establishment or change in city, town or taxing…
- 42-17301 · Definitions
- 42-17302 · Election to defer residential property taxes; qualifications
- 42-17303 · Property entitled to tax deferral
- 42-17304 · Deferral claim
- 42-17305 · Filing the claim for deferral; appealing denied claim
- 42-17306 · Certificate of deferral; record
- 42-17307 · Refund of deferred taxes deposited in escrow
- 42-17308 · Lien of deferred taxes and accrued interest
- 42-17309 · Sale of deferred tax liens to state; interest on lien
- 42-17310 · Notices
- 42-17311 · Events requiring payment of deferred tax
- 42-17312 · Payment of deferred taxes; due dates and delinquency;…
- 42-17313 · Report
- 42-17401 · Elderly assistance fund; primary school district tax…
- 42-17451 · Refund; failure to abate public nuisance; applicability;…