Iowa Admin. Code r. 701-104.3 - Dual claims

A claimant changing homesteads during the base year who will make property tax payments during the fiscal year following the base year and who also made rent payments during the base year is entitled to receive both a property tax credit and rent reimbursement.

Separate claim forms for the property tax credit and the rental reimbursement shall be filed with the county treasurer and the Iowa department of revenue, respectively.

The claims are to be based on the actual property tax due and rent constituting property tax paid with a combined maximum of $1000 upon which the credit and reimbursement can be calculated.

EXAMPLE: $800 property tax due

$400 rent constituting property taxes paid

The claim form for calculating the property tax credit shall reflect the entire $800 amount.

The claim form for calculating the rent reimbursement shall reflect only the remaining $200 of the $1000 maximum allowance.

The Iowa department of revenue will issue refund warrants for rent reimbursement claims. The county treasurer will apply the property tax credits.

This rule is intended to implement Iowa Code section 425.24.

Notes

Iowa Admin. Code r. 701-104.3

Editorial change: IAC Supplement 11/2/22