AZ SB1192

Amends Arizona Revised Statutes section 42-11111 regarding property tax exemptions for widows, widowers, and persons with disabilities who are state residents.

Allows exemptions up to $3,000 if total assessment does not exceed $20,000, with no exemption if assessment exceeds $20,000.

Requires the Department to annually increase exemption amounts and income limitation thresholds based on the average annual percentage increase in the GDP price deflator from the two most recent complete state fiscal years.

Sets income limits for exemption eligibility at $25,000 for claimants with no children under 18, and $30,000 for claimants with dependent children under 18 or with total and permanent disabilities.

Permits unused exemption amounts in a tax year to be applied against personal property subject to special property taxes, including vehicle taxes under title 28 and title 5 statutes.