Senior Citizen Property Tax Refund Credit

State

Arizona

Year

2015

Variations in Receipt of Benefit

Benefit Varies with Income

Benefit Type

Circuit Breaker

Benefit

The benefit is a refundable credit to income tax bill for property taxes accrued or rent, or both, paid in that taxable year. The benefit is determined by 21 income brackets with maximum relief ranging from $502 if income is under $1,751 (living alone) or $2,501 (living with spouse/dependents), to $56 if income is $3,651-$3,750 (living alone) or $5,351-$5,500 (living with spouse or dependents). The maximum benefit cannot exceed the property tax bill or the designated rent. The landlord designates the percentage of rent attributable to property taxes.

How is Benefit Disbursed

Credit to the income tax bill

Eligible Property Type

Residential

Characteristics of Eligible Property

Only homesteads are eligible for this benefit. "Homestead" means the principal dwelling, whether owned or rented by the claimant. "Homestead" may also include a mobile home and the land upon which it is located.

Eligibility Criteria

Age

Homeowner

Income Ceiling

Principal Residence

Renter

Other Criteria

Description of Eligibility Criteria

To be eligible the resident must have attained the age of 65 prior to or during the taxable year or must be a recipient of public monies under the social security act. The individual must have paid either property taxes or rent during the taxable year. The maximum household income is $3,750 for individuals and $5,500 for married couples or, those that live with others regardless of marital status.

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

State reimburses all of the local government tax loss

Description of State Funding for Tax Loss

The state provides the benefit directly to the taxpayer through the income tax.

Record ID

AZ103_RR15

Footnotes

In order to apply for the Property Tax Refund Credit, a claimant shall fill out the forms required by the Department. No claim with respect to property taxes or with respect to rent shall be allowed or paid unless the claim is actually filed on or before 15 April for the next preceding calendar year. The department may, upon request, grant for a period of not to exceed six months an extension of time for filing the claim.

Sources

Ariz. Rev. Stat. § 43-1072 (in effect for 2015)
Arizona Booklet 140PTC: Property Tax Refund Credit (2015) Arizona Department of Revenue
https://www.azdor.gov/Portals/0/ADOR-forms/TY2014/10400/140PTCBooklet.pdf Accessed on 04/12/2017]
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