Property Taxes in Arizona

The property tax protest process in Arizona offers homeowners an opportunity to appeal their property tax assessments if they believe there has been an error or if they feel the assessed value does not accurately reflect their property's market value. Homeowners typically begin by reviewing their property assessment notice, which is sent by the county assessor. If they find discrepancies or believe their assessment is too high, they can file an appeal.

The appeal process involves submitting a formal request to the county assessor’s office, usually within a specified timeframe after receiving the assessment notice. This request should include evidence supporting the claim that the assessed value is incorrect, such as recent sales data of comparable properties or an independent appraisal. Once the appeal is submitted, the county assessor will review the evidence and make a determination. If the homeowner disagrees with the assessor's decision, they can further appeal to the State Board of Equalization, which provides an independent review of the case.

Potential outcomes of the appeal process include a reduction in the assessed value, which can lower the property tax bill, or a decision to maintain the original assessment. Navigating this process can be complex and time-consuming, but Ownwell offers professional assistance to homeowners. With expertise in property tax laws and local market conditions, Ownwell can help gather the necessary evidence, submit appeals, and represent homeowners in hearings. This support can significantly increase the chances of a successful appeal, ensuring that homeowners pay only their fair share of property taxes.

Arizona offers several property tax exemptions to help homeowners reduce their tax burden. The most notable is the exemption on primary residences, also known as the homestead exemption. This exemption is available to homeowners who occupy their property as their primary residence, providing significant tax relief by reducing the assessed value of the home.

Another important exemption is the Senior Property Valuation Protection Option, designed for homeowners aged 65 or older. This program freezes the property’s assessed value, ensuring that property taxes do not increase due to rising property values. Eligibility typically requires meeting certain income limits and residency requirements.

Disabled individuals may qualify for the Disability Exemption, which provides tax relief to those who meet specific disability criteria. Additionally, widows, widowers, and disabled veterans may be eligible for further exemptions, offering substantial savings on property taxes.

To apply for these exemptions, homeowners must submit the necessary documentation to their local county assessor’s office, often including proof of residency, age, income, or disability status, depending on the exemption type.

Ownwell can assist homeowners in navigating these exemption programs, ensuring they meet eligibility requirements and submit accurate applications. By leveraging Ownwell's expertise, homeowners can maximize their savings and take full advantage of Arizona's property tax exemptions.