Iowa Iowa Property Tax Credit Claim

Iowa Property Tax Credit Claim
Iowa Property Tax Credit Claim, 54001
2023 Iowa Property Tax Credit Claim

Iowa Code chapter 425 and Iowa Administrative Code chapter 701—104
Complete the following personal information:
Your name: __________________________________

Spouse name: ________________________________

Your Social Security Number: ____________________

Spouse Social Security Number: __________________

Your birth date (MM/DD/YYYY): __________________

Spouse birth date (MM/DD/YYYY): ________________

Address: ____________________________________

City: ________________________________________

State: __________________ ZIP: _________________

Phone: ______________________________________

Answer these questions to determine eligibility:
1. Are you currently an Iowa resident? .................................................................................................Yes ☐
No ☐
If “No,” stop. No credit is allowed.
2. Did you file a Property Tax Credit claim in 2022?.............................................................................Yes ☐
No ☐
3a. Were you age 65 to 69 as of December 31, 2022? ..........................................................................Yes ☐
No ☐
3b. Were you age 70 or older as of December 31, 2022? ......................................................................Yes ☐
No ☐
If “Yes,” list number of persons living with you in your household (include yourself). See instructions ____________
3c. Were you age 18 or older and totally disabled as of December 31, 2022? See instructions. .......... Yes ☐
No ☐
4. Were you a resident of a nursing home or care facility during 2022? See instructions .................... Yes ☐
No ☐
If “Yes,” are you renting out your homestead to someone else? See instructions ........................... Yes ☐
No ☐
5a. Is there more than one owner of your homestead? ..........................................................................Yes ☐
No ☐
5b. Do any of the owners live elsewhere? ..............................................................................................Yes ☐
No ☐
If “Yes,” how many live elsewhere? .................................................................................................. ____________
6. Was part of your home rented or used for business purposes during 2022? ................................... Yes ☐
No ☐
If “Yes,” see instructions and enter the percentage here .................................................................. __________ %
7. Was any part of the land in your homestead tract rented during 2022? ........................................... Yes ☐
No ☐
If “Yes,” how many acres were used exclusively by you? ................................................................ ____________
2022 Total household income for the entire year
Read instructions before completing.
Use whole dollars only
8. Wages, salaries, unemployment compensation, tips, etc. ..............................................
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9. In-kind assistance for housing expenses. .......................................................................
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10. Title 19 benefits (excluding medical benefits). ................................................................

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11. Social Security income (include any Medicare premiums withheld). ..............................
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12. Disability income. ............................................................................................................
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13. All pensions and annuities. .............................................................................................
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14. Interest and dividend income. .........................................................................................
15. Profit from businesses and/or farming and capital gain.
If less than zero, enter 0. ................................................................................................
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16. Money received from others living with you ....................................................................
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17. Other income ..................................................................................................................
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18. Total household income. Add amounts from lines 8-17 ..................................................
Refer to the income schedules on page 3 prior to submitting your claim.
I, the undersigned, declare under penalties of perjury or false certificate, that I have examined this claim, and,
best of my knowledge and belief, it is true, correct, and complete.

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to the

Your signature: ___________________________________________________ Date: ________________________
Return this form to your county treasurer on or before June 1, 2023, or, if the treasurer has extended the filing deadline,
on or before September 30, 2023. The Director of Revenue may extend the filing deadline through December 31, 2024,
for good cause. You may be contacted for additional information.
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2023 Iowa Property Tax Credit Claim, page 2
Who is eligible?
• Iowa residents.
• Total household income less than $25,328 and age 65 or
older on December 31, 2022, or
• Total household income less than 250% of the federal
poverty level (see 250% Federal poverty level
guidelines) and age 70 or older on December 31, 2022,
or
• Totally disabled and age 18 or older by December 31,
2022.
A claim for property tax credit may be filed on behalf of a
deceased person by the person’s spouse, attorney,
guardian, or estate executor or administrator. To be eligible
the deceased person must have been an Iowa resident at the
time of death. If two or more persons occupying a home
qualify for a credit, each person may file a claim based on
each person’s income and each person’s share of property
tax due. Married couples are considered one household,
may file only one claim, and must combine their incomes.
Mobile/Manufactured/Modular Homes
A claim for property tax credit may be filed if your mobile,
manufactured, or modular home was assessed as real
estate. If your mobile, manufactured, or modular home was
not assessed as real estate, you may claim a credit on the
property taxes due on the land where the home is located, if
you own the land.
If your home is subject to the annual tax based on square
footage, you may be eligible for a reduced square footage
tax. Your county treasurer has the details on the
Mobile/Manufactured/Modular Home Reduced Tax Rate
Program.
Due date
This claim must be filed with your county treasurer on or
before June 1, 2023. The treasurer may extend the filing
deadline to September 30, 2023. The Director of Revenue
may extend the filing deadline through December 31, 2024,
for good cause.
Additional information
The location of your county treasurer can be found at the
Iowa Treasurers website: iowatreasurers.org.
For information about your Social Security benefits, go to the
Social Security Administration website:
ssa.gov/myaccount.
Claimant instructions
Line 3b: “Living with” refers to domicile and does not include
a temporary visit.
Line 3c: “Totally disabled” means:
•
•

You are unable to engage in any substantial gainful
employment;
The unemployment is due to a physical or mental
impairment that is:
o Medically determined; and
o Expected to last 12 months or longer or result in
death.

Current proof of disability must be included with your claim in
one of these forms:
• A current statement from the Veteran’s Administration
that in 2022 you were receiving a disability benefit due to
100% disability, or
• A copy of the current Social Security Administration
document stating the date the disability began, or
• A written statement from your doctor noting the beginning
date of disability and whether the disability is permanent
or temporary.
Claims without proper documentation will be denied.
Proof of disability is not required if you were age 65 or
older as of December 31, 2022
Line 4: Mark “Yes” if you are a resident of a nursing home or
care facility. If not, mark “No.” If you are living in a nursing
home or care facility, you are eligible for the property tax
credit on your homestead if it is not being rented to someone
else. If it is being rented, you are not eligible to file a property
tax credit claim, but you may be able to file a rent
reimbursement claim based upon the rent payment you
made to the nursing home.
Line 6: Mark “Yes” if part of your home was rented or used
for business purposes during 2022. If not, mark “No.” If you
marked “Yes,” you are entitled to a credit of property tax due
on only that portion of the home utilized as the dwelling place
by you and your spouse.
If you answered “Yes”, on line 6, calculate the percentage of
property tax that is allowable for a credit by determining the
square footage of the home that is utilized as the personal
dwelling, in proportion to the square footage of the entire
home. Enter this percentage in the space provided below line
6.
For example: if the square footage for personal use is 750,
and the total square footage is 1,000, the percentage is 75%
(750 divided by 1,000 equals 75 percent).

2022 Household income
Household income includes your income and your
spouse’s income, if living together, and monetary
contributions received from any other person living with
you. If you and your spouse do not live together, you may
file separate claims. If you received a property tax credit
in 2022, do not report this as income. Income reported for
the purpose of this application may be different than that
reported on an income tax return.
Line 8: Wages, salaries, unemployment compensation,
tips, etc. - Enter the total wages, salaries, unemployment
compensation, tips, bonuses, and commissions received.
Line 9: In-kind assistance - Enter any portion of your
housing expenses, including utilities, that were paid for
you. Do not enter Federal Energy Assistance.

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2023 Iowa Property Tax Credit Claim, page 3
Line 10: Title 19 benefits - Enter your Title 19 benefits
received for housing only. Do not include medical benefits.
If you live in a nursing home or care facility, contact the
administrator for the amount to enter, or:
• Enter 20% of your benefits if you lived in a nursing
home, or
• Enter 40% if you lived in a care facility.
Line 11: Social Security income - Enter the total Social
Security benefits received, even if not reportable for
income tax purposes. Include any Medicare premiums
withheld.
Line 12: Disability income - Enter the total received for
disability or injury compensation, even if not reportable for
income tax purposes.
Line 13: All pensions and annuities - Enter the total
received from pensions and annuities. Include retirement
pay for military service, even if not reportable for income
tax purposes.
Line 14: Interest and dividend income - Enter taxable
interest income, plus all interest income from federal,
state, and municipal securities. Include taxable dividends
and distributions received, cash dividends, and dividends
paid in the form of merchandise or other property and
report at fair market value.
Line 15: Profit from business and/or farming and capital
gain - Enter profit from business and/or farming, and any
gain received from the sale or exchange of capital assets.
Capital losses are limited to the same amount reportable
for income tax purposes. Any loss must be offset against
gain, and a net loss must be reported as zero.
Line 16: Money received from others - Enter money
received from others living with you. Do not include goods
and services received.
Line 17: Other income - Enter total income received from
the following sources:
• Child support and alimony payments.
• Welfare payments. Include Family Investment
Program (FIP), children’s Supplemental Security
Income (SSI), and all other welfare program cash
payments. Do not include foster grandparents’
stipends or non-cash government assistance (food,
clothing, food stamps, medical supplies, etc.).
• Insurance income not reported elsewhere on this form.
• Gambling and all other income not reported elsewhere
on this form.
Treasurer’s Instructions
Line C: Follow the steps below.
1. Obtain the taxable value of the land in the homestead
for January 1, 2022, from the city or county assessor’s
office.
2. Divide line B by line A.
3. Multiply the result in step 2 by the number in step 1.
4. Enter the result from step 3 on Line C.

Line D: Obtain the taxable value of the homestead
buildings for January 1, 2022, from the city or county
assessor’s office. Multiply this number by the percentage
provided by the claimant on line 6 of the form. Enter the
result on line D.
Line J: If line 5b was answered “Yes” enter the prorated
gross property tax on line J or, if applicable, the prorated
property tax base on line L.
Example: There are three owners of a home, but only two
of the owners reside there. The gross property taxes equal
$1,800. The prorated amount to be entered on line J is
$1,200, [($1,800 / 3) x 2 = $1,200]. Alternatively, each
person may file a claim individually using their share of the
property taxes. Prorate the Homestead Credit
proportionately among the claimants.
Line M: This percentage is to be used in computing the
amount to enter on line J or, if applicable, the prorated
property tax base on line L. This computation will adjust
the taxes on the land in the homestead in the same
proportion.
Lines Q - T: A claimant filing a claim for the property tax
credit who is at least 70 years of age and who has a
household income of less than 250 percent of the federal
poverty level is eligible to receive a credit against property
taxes due on the claimant’s homestead. Follow the
directions on page 5 to determine property tax credit
eligibility.
Total household income and allowable credit %
Total household income
$0.00 – $13,047.99,
$13,048.00 – $14,582.99,
$14,583.00 – $16,117.99,
$16,118.00 – $19,187.99,
$19,188.00 – $22,257.99,
$22,258.00 – $25,327.99,
$25,328.00 – or greater,

Allowable credit
enter 100%
enter 85%
enter 70%
enter 50%
enter 35%
enter 25%
no credit is allowed.

250% Federal poverty level guidelines
Number of persons
Total household income
in family/household
is less than or equal to
1
$33,975.00
2
$45,775.00
3
$57,575.00
4
$69,375.00
5
$81,175.00
6
$92,975.00
7
$104,775.00
8
$116,575.00
For families/households with more than 8 persons, add
$11,800 for each additional person.

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2023 Iowa Property Tax Credit Claim, page 4
TREASURER’S USE ONLY
Treasurer’s office will complete this part of form when taxes are ready
Claimant name: __________________________________ Parcel number: _________________________________
Schedule for rented homestead tracts
Taxable valuation information for the schedule below may be obtained from the 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, 2022 of land in homestead used exclusively by claimant.
Do not include the value of land rented or rented on shares. ...................................................... C. ______________
D. Taxable value as of January 1, 2022, of homestead buildings used exclusively by claimant.
Do not include the value of rented homestead building. .............................................................. D. ______________
E. Total. Add lines C and D .............................................................................................................. E. ______________
F. Tax rate for taxes payable in fiscal year 2023-2024 .................................................................... 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. ______________
I. Subtract line H from line G. Enter the amount here. This amount cannot exceed claimant’s
gross tax shown on line J below .................................................................................................... I. ______________
J.
K.
L.

M.

Credit computation
Gross property tax due (include Homestead Credit) during the fiscal year 2023-2024.
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(See instructions) ..............................................................................................................
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Special assessments ........................................................................................................
Property tax base: If you have an amount on line I, add it to line K. (See instructions)
If no amount on line I, add lines J and K.
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Enter this amount or $1,000, whichever is less. .......................................................................
Percent of property tax base used in computing credit, from the schedule below. ...........................
If total household income from line 18, page 1 is:
Total household income
$0.00 – $13,047.99,
$13,048.00 – $14,582.99,
$14,583.00 – $16,117.99,
$16,118.00 – $19,187.99,
$19,188.00 – $22,257.99,
$22,258.00 – $25,327.99,
$25,328.00 – or greater,

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%

Allowable credit
enter 100%
enter 85%
enter 70%
enter 50%
enter 35%
enter 25%
no credit is allowed.

N. Tentative credit: Multiply line L by line M. .........................................................................
O. Homestead Credit applicable to taxes payable in fiscal year 2023-2024. ........................
P. Property Tax Credit: Subtract line O from line N. .............................................................

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Treasurers, proceed to the next page if the claimant is 70 years or older

54-001d (07/19/2022)

2023 Iowa Property Tax Credit Claim, page 5
TREASURER’S USE ONLY
A claimant filing a claim for the property tax credit who is
at least 70 years of age and who has a household income
of less than 250 percent of the federal poverty level is
eligible to receive a credit against property taxes due on
the claimant’s homestead.
For such a claimant, the tentative credit amount is equal
to the greater of the following:
(1) the amount of the credit as calculated under the
schedule of credit amounts specified in Iowa Code section
425.23(1)(a) as if the claimant was an eligible claimant for
a credit under that provision (see credit computation in
lines J through P above); and
(2) the difference between the actual amount of property
taxes due on the homestead during the applicable fiscal
year minus the actual amount of property taxes due on the
homestead based on a full assessment during the first
fiscal year for which the claimant checked “Yes” for box 3b
and if the claimant has filed for the credit for each of the
subsequent fiscal years after the first credit claimed.

Eligibility for claimants who are age 70 or older as of
December 31, 2022. If a claimant’s household income
exceeds the federal poverty level table as described
below, then the claimant is ineligible for the credit.
250% Federal poverty level table
Number of persons
in family/household
1
2
3
4
5
6
7
8

Total household income
is less than or equal to
$33,975.00
$45,775.00
$57,575.00
$69,375.00
$81,175.00
$92,975.00
$104,775.00
$116,575.00

For families/households with more than 8 persons, add
$11,800 for each additional person.

Q. Actual amount of property taxes due on homestead in fiscal year 2023-2024
(Subtract all credits) ......................................................................................................
R. Actual amount of property taxes due on the homestead based on full assessment
during first fiscal year for which the claimant filed a credit for claimants who checked
“Yes” in box 3b (Subtract all credits).............................................................................
S. Tentative credit: Subtract line R from line Q .................................................................
T. Homestead Credit applicable to taxes payable in fiscal year 2023-2024 .....................
U. Property Tax Credit: Subtract line T from line S ...........................................................
V. Actual credit: Enter the greater of line U and line P. .....................................................

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54-001e (07/19/2022)