Qualifying individuals and non-profit organizations may apply for a reduced tax through the following valuation relief programs.
Real and personal property is subject to taxation unless it falls under one of the types
of property exempted by the Arizona constitution. These exemptions are covered under
The Senior Valuation Protection program enables qualified seniors to have their Limited Value frozen, which is the basis for all property taxes, frozen in 3 year increments to protect against the potential of an increasing real estate market. The freezing process helps to stabilize one of the components of the property tax bill, it does not freeze full cash value nor property taxes.This program is not an exemption nor does it eliminate the potential for property taxes to increase from year to year, it simply freezes the portion of the property’s value used to calculate the annual property tax bill.