Iowa Admin. Code r. 441-62.2

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 441-62.2 - Dual claims

(1) 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.

(2) Separate claim forms for the property tax credit and the rental reimbursement shall be filed with the county treasurer and the Iowa department of human services (DHS), respectively.

(3) The claims are to be based on the actual property tax due and rent constituting property tax paid, with a combined maximum of $1,000 upon which the credit and reimbursement can be calculated.

Example: $800 property tax due

$400 rent constituting property taxes paid

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

b. The claim form for calculating the rent reimbursement shall reflect only the remaining $200 of the $1,000 maximum allowance.

c. DHS will issue refund warrants for rent reimbursement claims. The county treasurer shall apply the credit.

This rule is intended to implement Iowa Code section 425.24.

Iowa Admin. Code r. 441-62.2

Adopted by IAB October 5, 2022/Volume XLV, Number 7, effective 1/1/2023