Questions and Answers 100% Pass
How are AZ property taxes charged? - ✔✔Ad Valorem
What does Ad Valorem mean? - ✔✔Assessed Value
How are Arizona Property Taxes paid? - ✔✔Levied once, Paid Twice
When are AZ property Taxes Due? and Delinquent? - ✔✔Oct-Nov and March-May (O
No More Money)
Who do you pay the property taxes to? - ✔✔County Treasurer
What is the penalty for AZ Property Tax Delinquency? - ✔✔16%
Property Tax Assessment Ratio Residential? - ✔✔10%
Property Tax Assessment Ratio Land? - ✔✔16%
Property Tax Commercial/Industrial? - ✔✔19%
Inchoate? - ✔✔Lein not yet Complete
Are Mechanics Liens loans? - ✔✔NO
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 1
, Mechanics Leins must be what to be valid? - ✔✔Recorded
How Many Days must you file a Mechanics "pre lien" notice? - ✔✔within 20 Days of
Beginning
What does "CoW" stand for? - ✔✔Completion of work
How man days from "Cow" to Record a Mechanics lien? - ✔✔120
How many days from recordation of Mechanics lien to file a law suit? - ✔✔180
What does "homestead" do? and how much? - ✔✔$150,000 homeowner equity against
involuntary liens (judgements)
Must a house be a primary residence to be a Homestead? - ✔✔Yes
A Homestead cannot have? - ✔✔non-natural entities
What does a Homestead not protect against? - ✔✔Voluntary Liens
What does the Landlord Tenant Act Do? - ✔✔Regulates relationship between landlord
and tenant
Does the Landlord Tenant Act regulate relationships for property management? -
✔✔NO
What is the Max security deposit? - ✔✔1.5x rent
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 2