Jobs Bill HB2001…Arizona Homeowner Beware!

phoenix real estate market***UPDATE*** I spoke with the Assessors office yesterday (3/14/2012) and was informed the affidavit mailing is on hold.  Wish they would get their act together before they make announcements!

Is your Maricopa County home your primary residence?  If so…here’s some very important news for you regarding the next Property Notice of Valuation that you will receive for 2012.

This notice not be the standard postcard this year but will be in the form of a legal size letter. IMPORTANT NOTE: There will be an affidavit enclosed with the valuation.

JOBS BILL HB2001 signed by Governor Brewer on February 17, 2011 is intended to help businesses. However buried in the 214 page bill is a way to shift cost to homeowners. Under new legislation there is a new clause where you must sign and send back the affidavit to receive the State General Fund Credit. The OPT IN AFFIDAVIT may require a notary and our office will be providing the service for our clients.

The affidavit must be completed and returned to the county assessor within 60 days or the residential property will be reclassified as Class Four (rental) and your property taxes will go up as much as $600.00 depending on the home value.

**UPDATE**  A few weeks ago we informed you that it would be necessary to “opt in” for the formerly automatic $600.00 homeowner tax credits and that an affidavit would be sent from the County Assessor and included with the Tax Valuation we just received.

I called the Assessor’s office today and was told the Affidavits are now being mailed separately and are currently being mailed by grid.

If you do not receive one in the next 10 days please contact the county Assessor’s office (602-506-3406) and notify them that you have not received it.

Failure to complete this affidavit and return it to the Assessor will result in the reassessment of your property at the higher “rental property” tax rate instead of the owner occupied tax rate. This new rate will be in effect for 2 years and is NOT eligible for appeal!

Please notify your friends and family about this potential change to their tax billing.

602-506-3406

602-506-3406

 

About The Amy Jones Group

Mindy Jones Nevarez is the owner of Amy Jones Group Keller Williams Integrity First. The Amy Jones Real Estate Group has been recognized as the #1 Real Estate Team in Chandler by the Phoenix Business Journal and voted Best of Our Valley for 4 years.

The Amy Jones Group specializes in real estate in Chandler, Sun Lakes, Gilbert, Mesa, Tempe, Ahwatukee, and Phoenix.

Comments

  1. Larry says:

    Received my notice today and there was no affidavit with it.

    Realtors have been sending out flyers similar to what you have posted. Did they change the law or how they decided to implement it?

  2. karen coakley says:

    I received the valuation notice postcard, but there was no affidavit form to return…
    also, I received the valuation notice on a rental which is also class 3…pretty sure that I can only have one primary residence….I’m confused. Advice?

  3. dick murphy says:

    Where did you get this information? We can’t find anything on the assessor site warning us that the county is about to scam us out of money claiming we are failing to claim our class three status and are renting out our class three –primary residence house.

  4. ***NOW the assessor’s office has declared this project officially on hold.

    Larry, Karen & Dick~ Please note the UPDATE! A few weeks ago we informed you that it would be necessary to “opt in” for the formerly automatic $600.00 homeowner tax credits and that an affidavit would be sent from the County Assessor and included with the Tax Valuation we just received.

    I called the Assessor’s office today and was told the Affidavits are now being mailed separately and are currently being mailed by grid.

    If you do not receive one in the next 10 days please contact the county Assessor’s office (602-506-3406) and notify them that you have not received it.

    Failure to complete this affidavit and return it to the Assessor will result in the reassessment of your property at the higher “rental property” tax rate instead of the owner occupied tax rate. This new rate will be in effect for 2 years and is NOT eligible for appeal!

    Please notify your friends and family about this potential change to their tax billing.