SENIOR PROPERTY VALUATION PROTECTION
Benefit: ‘Freezes’ the Limited Property Value of a primary residence owned by seniors (age 65+) for three years. "Owner must have resided in the primary residence for at least two (2) years prior to application".
The value ‘freeze’ terminates and the property reverts to its actual limited property value if owner sells or rents the property.
Only the limited property value is ‘frozen.’ Taxes billed and due are still owed. "Taxes are not ‘frozen’" and will continue to be levied at the same rate as all other properties in the taxing district.
After approval, if external alterations/additions are made to your property the cost of the improvement will be added to the original ‘frozen’ value. If additional owners are added or removed, the ‘frozen’ value will be removed and the owner must reapply.
Ownership- Applicant must own the property.
- Property must be the primary residence of the taxpayer. ‘Primary Residence’ is defined as the residence which is occupied by the taxpayer for nine (9) months of the calendar year.
- Owner must have resided in the primary residence for at least two (2) years prior to application.
- If the primary residence is a mobile home (personal property), the applicant's name must be on the title of the property.
Age- Owner must fill out an application to apply. At least one of the owners must be 65 years of age. Proof of age is required for first time applicants.
Income Limit- All income, taxable and non-taxable, of all owners is used to determine eligibility. This income must be verified for three years prior to the year in which the freeze becomes effective. Total three-year average income cannot exceed the following limits:
$37,008 - One Owner
$46,260 - Two or More Owners
Applications are accepted January through September 1st each year.
To remain eligible, the owner is required to renew every 3 years. The Assessor’s Office mails out renewal applications in January of the renewal year. First time applicants should apply in person.
Senior Property Valuation Protection Form
Mail completed forms and back-up documents to:
Diane Buechner, Administrative Assistant
Gila County Assessor
1400 E Ash Street
Globe, AZ 85501
or Fax to:
Diane Buechner at (928) 468-9762
or Email to: