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TAX CREDIT PROGRAMS
You may qualify for one of
these programs, but not both.
1.
Missouri
Property Tax Credit (MOPTC)
--- or ---2. Homestead
Preservation Credit
1.
Missouri Property Tax Credit (MOPTC)
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) 751-5746.
Frequently asked questions and
answers can also be found by visiting the
DOR Web
site:
2.
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
Cass 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 Cass 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 are100 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
Cass 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 Cass
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.
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