Idaho Instructions for Property Tax Reduction Application

Instructions for Property Tax Reduction Application
Property Tax Reduction Instructions
INSTRUCTIONS FOR COMPLETING THE PROPERTY
TAX REDUCTION (PTR) APPLICATION
SECTION A - OWNERSHIP
Line 1 - Enter the name of all owners of the property listed on the
title, deed, or contract for each property associated with this
application.
Line 2-3 - List the claimant’s social security number and date of
birth in the claimant boxes. A claimant is the owner of the
property that qualifies by status. (See section B.) If you’re
married, you must list your spouse’s social security number and
date of birth in the spouse boxes.
Line 4 - Check the box that applies to you.
Line 5 - Include the complete physical address of the property if
it isn’t listed or is different than the address listed on line 1.
Line 6 – If you didn’t receive a Property Tax Reduction (PTR)
benefit in the preceding property tax year check no.
Line 7 – If you qualify you’re entitled to one property tax
reduction per tax year.
Line 8 - You must occupy the property as your primary dwelling
in order to qualify for PTR benefits.
Line 9 - If you or your spouse were in a care facility for all or
part of the previous year, answer yes.
Line 10 - If you received rental income from all or part of the
property, attach a copy of your rental agreement or complete a
rental agreement form. (See your county assessor.) Attach the
completed form to this application.
Line 11 - Calculate and list the percentage of your property used
for business or commercial purposes. If you filed federal form
8829, this figure must agree with the percentage you reported.
Attach a copy of form 8829 to this application.
Line 12 - If you sold any stocks, bonds, real estate, or other
capital assets, complete federal Schedule D and attach a copy to
this application.
Line 13 - If you filed a federal tax return, include a complete
copy with this application. If you’re not filing a federal tax
return or if you’ve applied for an extension for filing, include
copies of all 1099s, W-2s, and, all other documents showing your
taxable and nontaxable income from all sources.
Line 14 – You and your spouse, if married, must be able to
certify your legal presence in the United States to be eligible to
receive benefits. Supporting documentation is required.
SECTION B - STATUS
You must be the owner of the property and be in one of the
categories listed below as of January 1 of the application year.
Check all of the following that apply to you.
 65 or older
 A widow(er) who hasn’t remarried after the death of a
spouse. Attach a copy of the deceased spouse’s death
certificate to this application.
 A person with a disability recognized by Social
Security, Railroad Retirement, Federal Civil Service or
Veteran’s Affairs (VA). Attach a copy of your
disability determination. If you’re a disabled veteran,
check the appropriate box for your disability rating
level.
 A person who is functionally blind as defined in Idaho
Code section 67-5402(2).
 A person who is a motherless/fatherless minor; that is,
your parent is deceased, your parent had his/her
parental rights terminated, or you’ve been judicially
determined to be abandoned.
SECTION C – INCOME
Include all taxable and nontaxable income reported for the

(Section C - Income Continued)
previous tax year. The definition of income for PTR differs from
the definition of income for federal tax purposes. See Idaho Code
Section 63-701(5) for the definition of income for PTR.
Sub Section 1
Line 1 - Complete this line only if you’re filing a federal income tax
return. List the amount from the federal adjusted gross income line
on that return. Attach a copy of that return to this application.
Sub Section 2
Report all income that isn’t already included in your federal
adjusted gross income.
Line 2-3 - List the amount of Social Security income you received
and attach a copy of your statement from Social Security. If you file
a federal income tax return include the difference between the taxable
portion and the nontaxable portion of Social Security income. If you
do not file, include the gross amount of Social Security and deduct all
Medicare premiums as a medical expense.
Line 4 - Report capital gains received from the sale of stocks, bonds,
real estate, or other capital assets. Attach a copy of federal Schedule
D to this application.
Line 5 - Include wages, worker’s compensation, and unemployment.
Line 6 - Include the gross distribution of any pension, annuity, and
IRA or include the difference between the taxable portion and the
nontaxable portion of any pension, annuity, and IRA
Line 7- Include all VA compensation or pension income not from a
service-connected disability of 40% or more, DIC, or widow’s
pensions.
Line 8 - Include all interest and dividend income.
Line 9 - Include the gross amount of distributions identified as Tier 1
and Tier 2 or include the difference between the taxable portion and
the nontaxable portion of Railroad income. If you have Medicare
(See the explanation for lines 2-3.) deducted, you may deduct the
premium as a medical expense.
Line 10 - Include all income not reported above. Some examples are:
rents, gambling winnings, support, alimony, Department of Health
and Welfare payments, “loss of earnings” insurance compensation,
long term care payments, and reimbursement of medical expenses
deducted in a previous year. Contact your county assessor or the
Idaho State Tax Commission if you need to clarify what income to
report.
Line 12 - Include only the return of principal that you paid into the
annuity and attach a copy of the annuity contract. Form 1099-R
doesn’t provide enough information to show what income is return of
principal.
Line 13 - List the total of non-reimbursed medical expenses and
medical insurance premiums (as defined in Section 213d of the
Internal Revenue Code) you paid for you or your spouse. Use the
medical expenses from federal Schedule A or complete a medical
expense form. Don’t include premiums that you paid for income
replacement policies or pre-tax health insurance premiums (i.e.
through employment). If asked at a later date, you must be able to
provide receipts for the amounts deducted.
Line 14 - List paid or prepaid funeral expenses for you or your
spouse. The maximum allowable deduction is $5,000. Attach copies
of dated receipts and/or cancelled checks showing the amounts you
paid for you and or your spouse.
Remember to review your application for completeness and
accuracy before signing it.
NOTE: Idaho Code section 63-708 allows the state to recover any
incorrect payment within three (3) years. This recovery follows
the collection and enforcement procedures in the Idaho Income
Tax Act.
EIN00038_01-01-2014