Rights & Benefits Information
Tax breaks for older adults 2024 There are three types of tax programs for which you may be eligible:
o $37,297 for household without dependent child(ren). o $44,745 for household with dependent minor child(ren) OR child(ren) over the age of 18 that are totally and permanently disabled who reside in the home (must be certified by a licensed
ASRValRelief@pima.gov OR www.asr.pima. gov
The Arizona Property Tax Refund Credit , also known as the 140PTC, may be filed if you meet the following criteria: • Arizona resident for the entire year of 2023. • Age 65 or older by 12/31/2023 or a recipient of SSI. • Limited household income (Social Security is not counted.) • You paid property taxes and/or rent in 2023. Call PCOA Central Intake at (520) 790- 7262 in Tucson for 140PTC forms, or to make an appointment for assistance in completing this form. THIS CREDIT IS PROVIDED BY THE ARIZONA STATE DEPARTMENT OF REVENUE. This program is open from January 2024 until the tax filing deadline in April 2024. PCOA will be providing Telephone and In-Person appointments for assistance beginning February 1, 2024. 1
The Senior Property Valuation Protection Option may be filed if you meet the following criteria:
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• At least one of the owners must be 65 years of age by September 1 of the current application year. • The property must be the primary residence of the taxpayer (primary residence is defined as “that residence which is occupied by the taxpayer for an aggregate of nine months of the calendar year”). A taxpayer can only have one primary residence. Rentals, mixed use properties, and properties over 10 acres do not qualify. • The owner must have lived and owned the home for at least two (2) years prior to applying for the option. • An individual property owner’s total income from ALL sources , including non- taxable income, cannot exceed $44,264. The total income from ALL sources for two or more property owners cannot exceed $56,580 per the Arizona Department of Revenue. • The deadline for submitting the application is September 1, 2024. You will be notified by December 1, 2024 on the decision of your application. For further information, please contact the Pima County Assessor’s Office. Website at www.asr.pima.gov, or call (520) 724-7500.
Arizona medical authority as totally and permanently disabled).
* To include income from all occupants of the residence. i.e., applicant, spouse/ partner, and any child(ren) over the age of 18 who reside in the home. * The total Assessed Value limitation for all properties owned within Arizona cannot exceed $30,099 for each owner. Applicants must hold title to the subject property in the year you are filing for valuation relief and may only be eligible for a partial consideration. Assessor staff will be present at various public libraries during the initial filing period. Please contact the Pima County Assessor’s Office for the schedule & locations. The application period begins with the first business day in January through March 1st. Any applications submitted after March 1st must be accompanied by a waiver. Applications made after October 1, 2024, are only eligible for a reduction to the second half of 2024 property taxes. Applications can be submitted by mail, in person, or electronically. Contact the Pima County Assessor’s Office for further information. Pima County Assessor’s Office (520) 724-7500. Attn: Valuation Relief, 240 N Stone Ave, Tucson, AZ 85701
Qualifications for First-Time Valuation Relief applicants:
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Applicants must be a permanent Arizona Resident and over the age of 17 and at least one of the following: • Widow/Widower. Must not have been separated or divorced at the time of death. If remarried, the applicant cannot claim an exemption. • 100% totally and permanently disabled. • Veterans who are partially disabled could receive the percentage of the exemption for which they are determined to be disabled by the VA.
January/February 2024, Never Too Late | Page 13
Pima Council on Aging
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