The deadline for filing for the Senior Property Valuation Protection or "Senior Freeze" is Sept. 1. Pinal County officials said the state program allows county assessors to freeze the full cash value of a primary residence allowing for more financial stability for people with low, qualifying incomes.
Taxes are not able to be frozen because they must reflect the rates charged by governments, fire districts, school districts and community colleges.
The total gross income of all owners is what is used to determine eligibility. For a one-owner property, the income limit is $30,576. If there are two or more owners, the limit is $38,220. Income is verified using tax returns, W-2 forms or 1099 forms.
To qualify for the valuation freeze, at least one of the property owners must be at least 65 when the application is completed. The property must be the primary residence and you must live there at least two years.
Applicants need to provide proof of residency with an Arizona driver's license or Arizona ID card.
If the property is held in trust, individuals must provide proof of trustees along with the application.
Once approved, the valuation freeze is in effect for three years. Six months prior to the expiration of the current period, a reminder to renew by reapplying is sent.
For information, call (520) 866-6363.
