Seniors Urged to Act Fast: Limited-Time Property Value ‘Freeze’ Offers Financial Relief

Maricopa seniors have a limited opportunity to apply for a financial reprieve through the “senior freeze,” aimed at providing stability for those on fixed incomes. The window for applications closes soon, adding urgency for eligible homeowners.

The senior freeze, administered by Pinal County Assessor Douglas Wolf, allows residential homeowners aged 65 and older to secure the taxable value of their primary residence for up to three years. It is specifically designed for those who meet income, ownership, and residency criteria.

“Under Arizona property tax law, this program ensures the taxable value of your home remains unchanged, even if property values fluctuate,” Wolf explained. This means that fluctuations in the real estate market will not affect the property’s taxed valuation, providing stability for seniors.

First-time applicants must file their applications in person at the assessor’s office located at 31 N. Pinal St., No. E in Florence, with the deadline set for September 1. The freeze can be renewed after three years if the property owner continues to meet eligibility requirements. However, it’s important to note that while the valuation is frozen, this does not mean the property tax bill itself is frozen.

The advantages of enrolling in this program include enhanced financial predictability, reduced property tax increases, and the ability for seniors to remain in their homes, thus preserving community ties. Additionally, it mitigates financial pressures and protects the equity in their properties.

To qualify, applicants must be at least 65 years old and must have owned and occupied the property as their primary residence for two years. The property can encompass up to 10 acres, as long as it is identified by one parcel number.

Documentation such as an Arizona driver’s license showing two years of residency at the current address is necessary. If the license is newer, supplemental documents like voter registration or utility bills may be required. In cases where the property is held in trust, proof of trusteeship must accompany the application.

For eligibility determination, the gross income—both taxable and non-taxable—of all owners will be considered. Applicants must provide supporting documentation, including W-2 forms, tax returns, and other income verification, when submitting their applications. Note that all applications need to be submitted in person; mail submissions will not be accepted.

To aid in preparing their applications, applicants can refer to a list of income verification forms, which includes federal income tax returns, Social Security benefits, and various forms of retirement income.

Once granted, the assessor will remind property owners approximately six months before their freeze is set to expire, helping them navigate the re-qualification process to maintain their protections.