I recently wrote about how lower property taxes from the city of Goodyear might allow us all to pay a bit more in local school taxes, which might help improve our local schools, and thereby increase our home property values since better schools = higher property values.
What if you could do the same thing, increase your property values by improving schools, for FREE?
In Arizona you can. You can donate up to $400 per married couple or $200 per individual to your local Arizona schools and take an EQUAL TAX CREDIT off your state income taxes. Not a deduction, A CREDIT for the full amount you contribute as long as you pay AZ income taxes of at least the amount you contribute.
Here is the simple form you need to fill out and send in no later than December 19. TAX FORM
So go ahead, fill out the form and send it in with your check. Keep a copy, take the credit on your Arizona income tax, feel good about yourself, and increase your home property value all at once.
And who said there are no free lunches?
PS you DO NOT have to itemize in order to receive this credit.
Filed under: Goodyear Related