Elderly Assistance Fund - Primary School District Tax Reduction

State

Arizona

Year

2013

Variations in Receipt of Benefit

Other Variation in Receipt of Benefits

Benefit Type

Other

Benefit

Counties with a population over 2 million people are required to have a fund to reduce school district taxes. The county treasurer shall use the monies in the fund to proportionately reduce the primary school district taxes that are levied against the property of all qualified individuals in the county for the following tax year.

How is Benefit Disbursed

Credit to the property tax bill

Eligible Property Type

Residential

Characteristics of Eligible Property

Eligible property includes individual’s primary residence and up to 10 acres of undeveloped appurtenant land. “Primary residence” means all owner occupied real property and improvements to that real property in the state that is a single family home, condominium, townhouse or an owner occupied mobile home and that is used for residential purposes.

Eligibility Criteria

Age

Homeowner

Income Ceiling

Principal Residence

Other Criteria

Description of Eligibility Criteria

Benefit is limited to residents of the state that are 65 years of age or older. For married couples, at least one of the owners must be 65 years or older. If one person owns the property, the person's total income from all sources including nontaxable income shall not exceed 400% for singles, or 500% if married, of the supplemental security income benefit rate of the social security act. Benefit is limited to individuals who live in an organized school district. Eligibility is limited to those individuals who are eligible for property assessment freeze. Eligible property includes individual’s primary residence and up to 10 acres of undeveloped appurtenant land. The resident must have resided in the primary residence for 2 years. “Primary residence” means all owner occupied real property and improvements to that real property in the state that is a single family home, condominium, townhouse or an owner occupied mobile home and that is used for residential purposes.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Description of State Funding for Tax Loss

Local government funds this benefit from monies in elderly assistance fund. Funding for this benefit comes from a portion of the interest paid when a real property tax lien is redeemed. When a real property tax lien is redeemed the county treasurer shall deposit an amount in the elderly assistance fund that is equal to the difference in the amount of interest prescribed by statute (16%) and the amount of interest stated in the certificate of purchase.

Record ID

AZ102_RR13

Footnotes

Sources

Ariz. Rev. Stat. § 42-17401 (in effect for 2013); Ariz. Rev. Stat. § 42-18153 (in effect for 2013)
Source Constitution: 
A.R.S.. Const. Art. IX, § 18 (7); A.R.S. Const. Art. IX, § 18 (9)

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