By Howard Fischer | Arizona Capitol Times
Some Arizona seniors could be in line for a big property tax break — including some that a few lawmakers question whether they deserve it.
The House Ways and Means Committee voted 6-2 Wednesday to grant Class 6 status to the homes of seniors who meet certain income requirements.
What makes that significant is Class 6 properties are assessed for tax purposes at 5 percent of their assessed valuation. So a home worth $200,000 would get an assessed valuation of $10,000.
