Missouri Property
Tax Credit Program
Did you know you may qualify for a REFUND of up to $750 if you or your spouse meet one of the following qualifications?
-
Claimant or spouse must be 65 years of age or older on or before the last day of the calendar year and a resident of Missouri for the entire year;
-
Claimant or spouse is a veteran of any branch of the armed forces of the United States, or this state and is 100 percent disabled as a result of such service;
-
Claimant or spouse is 100 percent disabled; or
-
Claimant has reached age 60 on or before the last day of the calendar year and is receiving surviving spouse social security benefits.
AND your TOTAL HOUSEHOLD INCOME, including social security benefits follows these guidelines:
Tax Year 2008
- Renters/Part Year Owners:
- If single, your total household income must be $27,500 or less.
- If married filing combined, your total household income must be $29,500 or less.
- Owned and Occupied your home the entire year:
- If single, your total household income must be $30,000 or less.
- If married filing combined, your total household income must be $34,000 or less.
Tax Years 2005–2007
- Total household income must be $25,000 or less if filing single or $27,000 if married filing combined.
- Note: A 2005 claim must be filed by April 15, 2009, or a refund will not be issued.
Filing early (before April) ensures quicker refund!
To order
Form MO-PTC, Property Tax Credit Claim, call (800) 877-6881 or
download the form from the Missouri Department of Revenue:
Property Tax Credit Claim.
For more information, call the Missouri Department of Revenue at (573) 751-3505.
Frequently asked questions and answers can also be found by visiting
the DOR Web site: http://www.dor.mo.gov/tax/personal/faq/ptc.htm.
The Boone County Council
on Aging is a good resource for seniors who need help with the tax credit forms
or need additional help in understanding how it works. The Boone County
office can be reached at the following address:
Boone
County Council on Aging
1123 Wilkes Boulevard
Suite
100
Columbia,
MO 65203
Phone:
(573) 443-1111
Online: www.bcca.missouri.org
Homestead Preservation Act
Download and print the application form
Background Information:
The Homestead Preservation Act (SB 730) allows qualified senior citizens and
100 percent disabled individuals to apply for a credit on their real estate
property tax if those taxes increase more than 2.5 percent in a non-reassessment
year or 5 percent in reassessment year. The credit would be for the amount that
exceeds the 2.5 or 5 percent increase in taxes. The act requires a legislative
appropriation to fund the credit. If funding for the credit is less than 100
percent, the credit will be a flat statewide percentage based on the appropriated
amount. This credit will be applied against the taxes for the following year.
Important Notes:
- Beginning in 2007, applicants must apply in each year they
are eligible.
- Eligible taxpayers can apply for only one of the two tax assistance
programs administered by the Missouri Department of Revenue. You cannot
receive valid credits for both the Missouri Property Tax Credit (Circuit Breaker
Program) or the Homestead Preservation Credit in the same year.
- Homestead Preservation Credits are subject to funds being appropriated
for the program each year.
You may be eligible
to receive a Homestead Preservation Credit on your Boone County real estate
taxes if:
- You did not receive a valid 2008 Missouri Property Tax Credit
(Circuit Breaker Program), AND
- You or your spouse are the owner of record of the homestead
property for the prior three years (2006, 2007, and 2008), AND
- If single or married and filing jointly, the federal adjusted
gross income may not exceed $77,323, AND
- Your real estate taxes (including mobile homes) increased
more than 5 percent in 2008, AND
- If single, you were 65 years of age or older on or before
January 1, 2009. If married, one spouse must be 65 years of age
or older on or before January 1, 2009, and the other spouse must be at
least 60 years of age on or before January 1, 2009, OR
- You or your spouse is 100 percent disabled.
How to file for
the Homestead Preservation Credit:
- 2009 Homestead Preservation Credit applications
must be postmarked between APRIL 1 and OCTOBER 15, 2009.
- Applications may be downloaded or printed from the Missouri
Department of Revenue's web site, or by calling (800) 877-6881, or in writing to MO DOR, Taxation
Bureau, P.O. Box 3022, Jefferson City, MO 65105-3022.
- Instructions on filling out the applications may also be downloaded.
- The Boone County Collector's Office also has 2009 applications
available at the office that you may pick up.
- The following items should be attached to your completed
Homestead Preservation Credit application (Form HPC):
- Verification that you or your spouse are 100 percent disabled, if
applicable. Either attach a copy of the letter from Department
of Veterans Affairs or from the Social Security Administration.
- If you did not file a 2008 Missouri Individual
Income Tax Return, attach a copy of your 2008 federal income tax return,
page 1 and 2. Refer to the application instructions if you were
not required to file either return.
- Form 948, Assessor's Certification for 2007 and 2008 if the property
is more than 5 acres or it is a mobile home.
- Paid Boone County real estate tax receipts for 2006, 2007, and 2008.
Or, paid personal property tax receipts for your mobile home.
Copies of receipts may be obtained from the Boone County collector's
office.
- Sign and date the completed application. Both spouses
must sign if filing combined.
- Mail the completed forms and all necessary attachments
to:
Department
of Revenue
P.O. Box 478
Jefferson City,
MO 65105-0478
- Failure to follow the instructions provided with the application
or to attach the required documentation may result in the application
and credit being denied.
The DOR provides answers to frequently asked questions on their Web site. Visit the Department of Revenue site for more information regarding the Homestead Preservation Credit program.
