property tax; exemption; income limit

HB 2973 adjusts Arizona's property tax exemption rules for widows/widowers, people with total disabilities, and veterans. It sets new annual income limits ($34,901 for those without minor children, $41,870 for those with qualifying children) to qualify for a $4,188 exemption (adjusted for disability percentage for veterans). The exemption amount and income limits will automatically increase each year based on inflation metrics. To maintain the exemption, claimants must annually verify income eligibility and file affidavits with county assessors.