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Idaho Free Printable  for 2024 Idaho Instructions for Property Tax Reduction Application

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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
Extracted from PDF file 2023-idaho-property-tax-reduction-instructions.pdf, last modified May 2013

More about the Idaho Property Tax Reduction Instructions Other TY 2023

Property Tax Reduction Instructions requires you to list multiple forms of income, such as wages, interest, or alimony .

We last updated the Instructions for Property Tax Reduction Application in February 2024, so this is the latest version of Property Tax Reduction Instructions, fully updated for tax year 2023. You can download or print current or past-year PDFs of Property Tax Reduction Instructions directly from TaxFormFinder. You can print other Idaho tax forms here.

Related Idaho Other Forms:

TaxFormFinder has an additional 65 Idaho income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Idaho Property Tax Reduction Instructions.

Form Code Form Name
Property Tax Reduction Application for Property Tax Reduction
Property Tax Deferral (obsolete) Application for Property Tax Deferral

Download all ID tax forms View all 66 Idaho Income Tax Forms


Form Sources:

Idaho usually releases forms for the current tax year between January and April. We last updated Idaho Property Tax Reduction Instructions from the State Tax Commission in February 2024.

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Historical Past-Year Versions of Idaho Property Tax Reduction Instructions

We have a total of six past-year versions of Property Tax Reduction Instructions in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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