Property Tax Reimbursement Instructions - New Jersey Division Of Taxation Page 14
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16A.
If your father met the other eligibility requirements, he is entitled to a property tax
reimbursement because he is considered to be a homeowner. He must obtain from
his facility’s management a statement as to the amount of property taxes due and
paid that were attributable to the residential unit he occupied, and enclose a copy
of this statement with your Form PTR-1 application.
37.
Q.
1997 is my base year, and I satisfied all the eligibility requirements for 1997
and 1998. However, I appealed my 1997 property tax assessment and was
just notified that the assessment was reduced and I received a partial refund
of my 1997 property taxes. I already filed my Property Tax Reimbursement
Application. How do I amend my application?
A.
In order to amend a Property Tax Reimbursement Application you should file a new
application with the corrected information and write “amended” across the top. If
you are filing an amended application to reduce your base year property taxes be
sure to attach proof of the reduction.
38.
Q.
1997 is my base year, and I satisfied all the eligibility requirements for 1997
and 1998. However, I appealed my 1998 property tax assessment. I have
already received my 1998 property tax reimbursement but I was just notified
that my 1998 assessment was reduced and I received a partial refund of my
1998 property taxes. What should I do?
A.
Anytime that the amount of your property taxes is increased or decreased you are
required to notify the Division of Taxation of the change by filing an amended
application if the change affects either your base year or a year for which you have
claimed a property tax reimbursement. If the change results in an increase in the
amount of a reimbursement you have already received the Division of Taxation will
send you a check for the difference. If the change results in a decrease in the
amount of a reimbursement you have already received you will be required to
repay the difference to the Division. For information on how to file an amended
return, see the answer to Question 37, above.
39.
Q.
Is the property tax reimbursement taxable income for New Jersey gross
income tax purposes?
A.
No. The property tax reimbursement is not taxable income and should not be
included on Form NJ-1040.
40.
Q.
The amounts I paid for local services, such as water, sewer, or trash removal
are separately stated on my property tax bill. May I use these amounts to
determine my property tax reimbursement?
PTR FAQ – 10
1/00
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Ppt-41 - Petroleum Products Gross Receipts Tax Monthly Remittance - New Jersey Division Of Taxation - 2003
Financial
Form Mss-i - Manufacturer's Monthly Report Of Special Shipments Of Taxable Cigarettes Into New Jersey - Division Of Taxation Cigarette Tax - State Of New Jersey
Financial
Related Categories
Parent category: Financial