Arizona Affidavit of Property Value Form

Use this template/form as an affidavit for Property Value in the State of Arizona

arizona-affidavit-of-property-value

Text version of this Form

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FOR RECORDER’S USE ONLY

AFFIDAVIT OF PROPERTY VALUE

1. ASSESSOR’S PARCEL IDENTIFICATION NUMBER(S)

Primary Parcel: _______ – _____ – _______ – ______

BOOK MAP PARCEL SPLIT

Does this sale include any parcels that are being split / divided?

Check one: Yes No

How many parcels, other than the Primary Parcel, are included

in this sale? ______________

Please list the additional parcels below (attach list if necessary):

(1) ________________________ (2) ________________________

(3) ________________________ (4) ________________________

2. SELLER’S NAME AND ADDRESS: 10. SALE PRICE: $ 00

________________________________________________________ 11. DATE OF SALE (Numeric Digits): ____________

Month / Year

________________________________________________________

________________________________________________________ 12. DOWN PAYMENT $ 00

3. (a) BUYER’S NAME AND ADDRESS: 13. METHOD OF FINANCING:

a. Cash (100% of Sale Price) e. New loan(s) from

________________________________________________________

financial Institution:

________________________________________________________ b. Barter or trade (1) Conventional

(2) VA

________________________________________________________

c. Assumption of existing loan(s) (3) FHA

(b) Are the Buyer and Seller related? Yes No f. Other financing; Specify:

If Yes, state relationship: d. Seller Loan (Carryback) _______________________

4. ADDRESS OF PROPERTY: 14. PERSONAL PROPERTY (see reverse side for definition):

________________________________________________________ (a) Did the Sale Price in Item 10 include Personal Property that

impacted the Sale Price by 5 percent or more? Yes No

________________________________________________________

5. MAIL TAX BILL TO: (b) If Yes, provide the dollar amount of the Personal Property:

$ 00 AND

________________________________________________________

________________________________________________________ briefly describe the Personal Property: _________________________

________________________________________________________ 15. PARTIAL INTEREST: If only a partial ownership interest is being sold,

6. PROPERTY TYPE (for Primary Parcel): NOTE: Check Only One Box briefly describe the partial interest:___________________________

a. Vacant Land f. Commercial or Industrial Use 16. SOLAR / ENERGY EFFICIENT COMPONENTS:

b. Single Family Residence g. Agricultural (a) Did the Sale Price in Item 10 include solar energy devices, energy

c. Condo or Townhouse h. Mobile or Manufactured Home efficient building components, renewable energy equipment or

Affixed Not Affixed combined heat and power systems that impacted the Sale Price by

d. 2-4 Plex i. Other Use; Specify: 5 percent or more? Yes No

e. Apartment Building _____________________ If Yes, briefly describe the solar / energy efficient components:

7. RESIDENTIAL BUYER’S USE: If you checked b, c, d or h in Item 6

______________________________________________________

above, please check one of the following:

_______________________________________________________

a. To be used as a primary residence. b. Owner occupied, not a

primary residence. 17. PARTY COMPLETING AFFIDAVIT (Name, Address, Phone Number):

c. To be rented to someone other than

a “family member.” _________________________________________________________

See reverse side for definition of a “primary residence” or “family member.” _________________________________________________________

8. If you checked e or f in Item 6 above, indicate the number of units: _____

_________________________________________________________

For Apartments, Motels / Hotels, Mobile Home / RV Parks, etc.

18. LEGAL DESCRIPTION (attach copy if necessary):

9. TYPE OF DEED OR INSTRUMENT (Check Only One Box):

a. Warranty Deed d. Contract or Agreement

b. Special Warranty Deed e. Quit Claim Deed

c. Joint Tenancy Deed f. Other:

THE UNDERSIGNED BEING DULY SWORN, ON OATH, SAYS THAT THE FOREGOING INFORMATION IS A TRUE AND CORRECT STATEMENT OF THE

FACTS PERTANING TO THE TRANSFER OF THE ABOVE DESCRIBED PROPERTY.

____________________________________________________________ __________________________________________________________

Signature of Seller / Agent Signature of Buyer / Agent

State of ______________________, County of ______________________ State of ______________________, County of ____________________

Subscribed and sworn to before me on this ____day of ____________ 20 __ Subscribed and sworn to before me on this ____day of ___________20 __

Notary Public _________________________________________________ Notary Public _______________________________________________

Notary Expiration Date _________________________________________ Notary Expiration Date ________________________________________

DOR FORM 82162 (08/2012)

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STATUTES AND EXEMPTIONS

A.R.S. §§ 11-1133 and 11-1137(B) require all buyers and sellers of real property or their agents to complete and attest to this

Affidavit. Failure to do so constitutes a class 2 misdemeanor and is punishable by law.

The County Assessors and the Department of Revenue use data obtained from the affidavits to develop tables and schedules

for the uniform valuation of properties based on fair market value. Data supplied for an individual property will not directly

affect the assessment or taxes of that property.

A.R.S. § 11-1134 exempts certain transfers from completion of the Affidavit of Property Value and the $2.00 filing fee.

See the list of exemption codes below. If the transfer meets the criteria for an exemption, do not complete the Affidavit.

Instead, please post the Statute Number and Exemption Code on the face of the Deed, in the area beneath the Legal

Description. For example, if Exemption Code B3 is applicable, the proper exemption notation would be A.R.S. 11-1134 B3.

Unless exempt, carefully complete the Affidavit, sign, notarize and submit it to the County Recorder.

LIST OF EXEMPTION CODES (A.R.S. § 11-1134)

A1. A deed that represents the payment in full or forfeiture of a recorded contract for the sale of real property.

A2. A lease or easement on real property, regardless of the length of the term.

A3. Sales to or from government: “A deed, patent or contract for the sale or transfer of real property in which an agency or

representative of the United States , this state, a county, city or town of this state or any political subdivision of this state

is the named grantor, and authorized seller, or purchaser.”

A4. A quitclaim deed to quiet title as described in A.R.S. § 12-1103, subsection B.

A5. A conveyance of real property that is executed pursuant to a court order.

A6. A deed to an unpatented mining claim.

A7. A deed of gift.

B1. A transfer solely in order to provide or release security for a debt or obligation, including a trustee’s deed pursuant

to power of sale under a deed of trust.

B2. A transfer that confirms or corrects a deed that was previously recorded.

B3. A transfer of residential property between family members as defined below with only nominal actual consideration for

the transfer.

B4. A transfer of title on a sale for delinquent taxes or assessments.

B5. A transfer of title on partition.

B6. A transfer of title pursuant to a merger of corporations.

B7. A transfer between related busines entities for no consideration or nominal consideration.

B8. A transfer from a person to a trustee or from a trustee to a trust beneficiary with only nominal consideration for the transfer.

B9. A transfer of title to and from an intermediary for the purpose of creating a joint tenancy estate or some other form of ownership.

B10. A transfer from a husband and wife or one of them to both husband and wife to create an estate in community

property with right of survivorship.

B11. A transfer from two or more persons to themselves to create an estate in joint tenancy with right of survivorship.

B12. A transfer pursuant to a beneficiary deed with only nominal actual consideration for the transfer.

B13. From an owner to itself or a related entity for no or nominal consideration solely for the purpose of consolidating or

splitting parcels.

B14. Due to legal name change.

Any instrument describing a transaction exempted by A.R.S. § 11-1134 shall bear a notation thereof on the face of the

instrument at the time of recording, indicating the specific exemption that is claimed.

DEFINITION OF PRIMARY RESIDENCE

Primary Residence is your one and only main residence where you or a family member intend to reside more than nine months

of the year. You can have only one primary residence no matter how many homes you own. If the above listed home is used as

a vacation home, occupied by a non-qualified family member or if you have a homestead exemption for a home in another state,

the listed home cannot qualify as a primary residence.

DEFINITION OF FAMILY MEMBER

“Family member” is defined as:

a. A natural or adopted son or daughter of the taxpayer or a descendent of either.

b. The father or mother of the taxpayer or an ancestor of either.

c. A stepson or stepdaughter or stepparent of the taxpayer.

d. A son-in-law, daughter-in-law, father-in-law, or mother-in-law of the taxpayer.

e. A natural or adopted sibling of the taxpayer.

DEFINITION OF PERSONAL PROPERTY

Personal Property is all other property that is not Real Property. In general, it is all property other than land, buildings and other

permanent structures. Personal Property can be tangible or intangible. Examples of tangible personal property are furniture,

equipment and inventory. Examples in the intangible category are franchises, business licenses, goodwill, and corporate stocks

and bonds.