This bill proposes several updates to the Arizona Revised Statutes regarding property tax exemptions. It introduces a new provision that fully exempts the property of combat veterans with a service-connected disability rated as one hundred percent by the United States Department of Veterans Affairs. Additionally, it modifies the existing exemption for widows, widowers, and individuals with total and permanent disabilities, specifying that those who do not qualify for the full exemption under the new subsection will still receive a partial exemption based on their disability rating. The bill also clarifies the income limits for qualifying for these exemptions and establishes that the total assessment for determining exemptions will not include the value of vehicles taxed under a specific title.

Furthermore, the bill mandates that individuals claiming these exemptions must file an affidavit with the county assessor and annually verify their income to maintain eligibility. It also stipulates that the amount raised from primary property taxes cannot include the amount needed to offset the exemptions provided under the new provisions. The act is set to take effect for tax years beginning after December 31, 2025.

Statutes affected:
Introduced Version: 42-11111, 42-17151, 42-11152, 32-1601