Bill > HCR2009

This resolution proposes an amendment to the Arizona Constitution to allow residents aged 65 and older to apply for a property valuation protection option on their primary residence, which would fix its assessed value for property tax purposes as long as they remain eligible. To qualify, the applicant must have owned and resided in the home for two years, and their total income (defined as federal adjusted gross income) must not exceed certain limits based on the federal Supplemental Security Income benefit rate: 400% for a single owner and 500% for multiple owners, including a spouse. The county assessor will review income qualifications every three years, and the protection option terminates if the property is transferred to someone who does not qualify. This measure aims to protect seniors from rising property taxes on their homes.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/83838