HCR 2009
senior property valuation; application; income
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This resolution proposes an amendment to the Arizona Constitution to limit residential property tax increases. It establishes a maximum property tax rate of one percent of a property's full cash value, with some exceptions. It also creates a property valuation protection option for senior citizens (65 or older) who own their primary residences, subject to income limitations. The amendment aims to provide property tax relief for seniors while maintaining a system of property taxation.
Key provisions
- Residential ad valorem tax limits to a maximum of one percent of property value.
- Exceptions to the tax limit for specific property types (bonded debt, special assessments, etc.).
- Income limitations for senior citizens (65+) applying for a property valuation protection option.
- Income limits for property ownership: 400% of SSI for single owners, 500% of SSI for multiple owners.
- Application deadline for property valuation protection option: September 1st.
- Property valuation protection option remains fixed at the valuation determined during the year of application.
- Reapplication requirement every three years to maintain the protection.
- Termination of the protection if title is conveyed to an ineligible owner.
Who is affected
- Senior citizens (65 years or older)
- Homeowners
- Property taxpayers
- County assessors
- Real estate owners
Notable changes
Sponsors
Official sponsors from legislative records.
Primary sponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.