Form 54-001a - Iowa Property Tax Credit Claim - 2017 Page 2
ADVERTISEMENT
1
2
3
42017 Iowa Property Tax Credit Claim, page 2
Treasurer’s office will complete this side of form when taxes are ready.
OFFICE USE ONLY
Claimant Name:
Parcel Number:
Schedule for Rented Homestead Tracts
Taxable valuation information for the schedule below may be obtained from city or county assessor’s office.
A. Number of acres in homestead tract. (From county land records) .................................. A.
B.
Number of acres in homestead tract used exclusively by claimant as reported on line 7. Do not include
acres rented or rented on share ...................................................................................... B
C.
Taxable value as of January 1, 2016, of land in homestead used exclusively by claimant. Do not include
the value of land rented or rented on shares. (See treasurer’s instructions) .................. C.
D.
Taxable value as of January 1, 2016, of homestead buildings used exclusively by claimant. Do not
include the value of rented homestead building. (See treasurer’s instructions)
D
E.
Total. Add lines C and D ................................................................................................. E
F.
Tax rate for taxes payable in fiscal year 2017-2018 ...................................... ................. F
G.
Multiply line E by line F ................................................................................................... G
H.
Enter any Agricultural Land Tax Credit and/or Family Farm Tax Credit received on the land valuation as
shown on line C ............................................................................................. ................ H.
Subtract line H from line G. Enter the amount here. This amount cannot exceed claimant’s gross tax
I.
shown on line J below ..................................................................................................... I.
Credit Computation
J. Gross property tax due (include Homestead Credit) during the fiscal year 2017-2018.(See treasurer’s
,
.00
instructions) ..........................................................................................................
,
.00
K.
Special assessments ...........................................................................................
L. Property tax base: If you have an amount on line I, add it to line K. (See treasurer’s instructions.)
If no amount on line I, add lines J and K.
,
.00
Enter this amount or $1,000, whichever is less. ........................................................
%
M.
Percent of property tax base used in computing credit, from the schedule below...............
If total household income from line 18, page 1 is:
$0.00 - 11,633.99 enter 100%
11,634.00 - 13,002.99 enter 85%
13,003.00 - 14,371.99 enter 70%
14,372.00 - 17,108.99 enter 50%
17,109.00 - 19,846.99 enter 35%
19,847.00 - 22,583.99 enter 25%
22,584.00 or greater no credit allowed
,
.00
N.
Tentative credit: Multiply line L by line M .............................................................
,
.00
O.
Homestead Credit applicable to taxes payable in fiscal year 2017-2018 .............
Property Tax Credit: Subtract line O from line N ..................................................
,
.00
P.
Page 2
54-001b (6/9/16)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial