Dedication with Integrity
We never stop trying to be the best
Our goal is to provide the quality of service that gives you peace of mind knowing that your investment in Fountain Hills is in good hands! We are continually seeking ways to improve our services to you and your tenants. Our philosophy for handling our properties sets us above the rest. We manage the properties as though they were our own!
By Law, Owners Must Register Rental Properties
Under Arizona Revised Statutes § 33-1902, an owner of residential rental property in Arizona must register certain information relating to the property and its ownership with the Maricopa County Assessor's Office regardless of who rents the property. In addition, a property owner who does not reside in Arizona must designate a statutory agent who lives in Arizona to accept legal service on his/her behalf. Regardless of where organized, a corporation, limited liability company, partnership, limited partnership, trust, or real estate trust, must register the name of the ownership entity as well as a principal within the business entity. The registration may be filed electronically, using an online registration form, by mail, or. in person. There is a $10.00 (U.S.D.) fee per registration. A separate form must be completed for each parcel or roll number registered. The Maricopa County Assessor's Office classifies property based upon its use. If a property owner discovers that a property has been misclassified, the owner can notify the Assessor by calling 602-506-3406 to receive instructions on how to have the mis-classification corrected.
All Rentals Are Subject to Taxation
Income from rental of real property for 30 days or longer is subject to the 1.6% Fountain Hills sales tax. Income from rental of property for periods under 30 days is subject to the transient lodging tax rate of 6.6% for Fountain Hills in addition to 7.27% for State and County tax. Failure to register residential rental property is a violation of Town Code Sec. 7-11-1 and may result in civil penalties. The tax applies to all persons who lease or rent one or more properties (apartment units, houses, condos, etc.) within Fountain Hills. Rental taxes are remitted to the Arizona Department of Revenue on form TPT-2 and reported using FH as the region code and either 044 or 045 as the business code. Forms are downloadable from the Department of Revenue website and you can also apply for the tax license online. Failure to comply with the provisions of Town Code Sec. 7-11-1 may result in civil penalties in accordance with A.R.S. § 33-1902. The amount is $150 per day for each day of violation and may be imposed after the date of the most recent notice of assessed valuation and the notice prescribed by A.R.S. § 42-15103.