To The Daily Sun,
The New Hampshire Department of Revenue Administration's has alerted low- and moderate-income homeowners that they may receive State Education Property Tax relief by applying with Form DP-8 for such relief during the annual filing period — after May 1, 2015, but no later than June 30, 2015.
The Low and Moderate Income Homeowners Property Tax Relief provisions were designed to lessen the economic burden of the State Education Property Tax on certain taxpayers. In 2014, more 10,200 claims were submitted and more $2.02 million of property tax relief was distributed to valid claim applicants, resulting in an average of approximately $200 of State Education Property Tax Relief per household.
New Hampshire residents may now apply for property tax relief for year 2014 during the filing period - after May 1, 2015, but no later than June 30, 2015 if they:
— Own a homestead subject to the State Education Property Tax.
— Resided in the homestead as of April 1, 2014.
— And have a total household income of $20,000 or less if a single person (or $40,000 or less if married or head of household).
Application Forms and Instructions - Low & Moderate Program — are available on the N.H. Department of Revenue Administration's web site at http://revenue.nh.gov/forms/low-moderate.htm where Form DP-8 may be filed online or copies printed.
Older versions of the Form DP-8 will not be accepted by the department. The 2014 Form DP-8 with instructions and Frequently Asked Questions brochures are also available at most local municipal offices. In addition, many New Hampshire libraries allow residents to utilize their computer Internet services to complete and print a Form DP-8 for submission by mail (Low & Moderate Income Homeowner's Property Tax Relief, PO Box 299, Concord, NH 03302-0299).
Residents who do not have access to the Internet or who cannot pick up a form at their local municipal office may request a Form DP-8 by calling the Department's Forms Line at (603) 230-5001. Other numbers listed online to call are (603) 230-5920 or (603)230-5947.
Granite State residents can find more information about the Low & Moderate Income Homeowners Property Tax Relief program and check the status of their application on the department's website (www.revenue.nh.gov). One of the most common reasons an applicant may see a delay in the response is due to lack of proper attachments. Completed claim forms must be accompanied by a copy of the 2014 final tax bill from the municipality where the applicant resides along with a copy of the applicant's 2014 federal income tax return (1040-EZ, 1040A,etc). Applicants are reminded that the N.H. Department of Revenue Administration is a state taxing agency and cannot determine an individual's federal tax liability. If you are unsure whether you are required to file federally, you may contact the IRS at 1-800-829-1040. If you are not required to file with the IRS, you may check a box on the Form DP-8 indicating this.
Homesteads held in trust must also be verified by submission of the trust document, but may still qualify for relief.
Be kind. Print a copy for a friend.
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