Property Tax Credit

A.R.S. § 43-1072 Effective Date: For property taxes accrued during calendar years from and after 1974. Provisions: This is a refundable credit for property taxes accrued or rent, or both, paid in that taxable year if certain conditions are met. The claimant must be at least 65 years of age or is a recipient of public monies under Title 16 of the social security act. The claimant paid either property taxes or rent during the taxable year. The person did not live with a spouse or any other persons and had an income from all sources in the taxable year of less than $3,751, or lived with a spouse or other people and the combined income from all sources in the taxable year of all persons residing in the residence was less than $5,501. Credit: The credit allowed is the lesser of the amount of property taxes paid or the credit amount based on household income (credit ranges from $56 to $502).