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Property Tax Changes

By
Real Estate Agent with RE/MAX Mountain Properties

Property Tax Changes can cost you up to a $600 increase.

Governor Jan Brewer signed the Jobs Bill, HB2001 into effect in February. In that bill, there is a change in the automatic tax exemption that people received on their property. Now, it is no longer automatic. Now you must file. Also, there are bigger hurdles of proof you will have to go thru if your property is in a Trust or LLC.

Beginning in 2012, the exemption that previously was automatic, now every homeowner will be required to certify by afffidavit, that their home is their primary residence in order to receive the exemption, this exemption can be as much as $600. You will be required by law to do this certification every 2 years, in even numbered years. The assessor will send out an affidavit  with the notice of full cash value, the homeowner will have to complete this affidavit and return it to the assessor within 60 days of receipt in order to receive the homeowner's rebate.

As an agent and a homeowner, I know that thousands of people will fail to be aware of this change and will be faced with paying the higher amount because they weren't aware of the filing requirement. Hopefully friends will tell friends and the word will get out.

This affects all of the state of Arizona.

Prescott's tax assessor, Pam Pearsol is very accessible and eager to make things clear. Mark your calendar to watch for your affidavit of value for next years taxes. Don't get stuck paying an extra $600!

Property tax changes, don't let them get you!

 

 

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