Variations in Receipt of Benefit
Other Variation in Receipt of Benefits
In 2015, the state removed the requirement for counties to establish a fund with monies received from the proceeds of tax lien sales. Existing monies in the fund may continue to be used to the assistance program. However, in Maricopa County, the program will persist until 2019 when the Elderly Assistance Fund balance is projected to be exhausted. 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
Characteristics of Eligible Property
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.
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.
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