Pa Income Tax Forms by ofm18586

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									     2009 TCTA Spring Meeting
Susan Gullette, Assistant Director
Points of Interest
 2008 Status
 Exploring TR Web
 2009 Information
   Income limit
   Workshop schedule
2008 DV Activity

           Received - 26,214




    Paid   Pending   Letters   Unapproved
2008 ACV Activity

            Selected – 113,685




   Paid   Pending   Voids   Letters   Not Returned
Exploring TR Web

   Document Upload Capability
   Letter Reports
   ACV / DV List
   PDF Forms
   Message Center
Tax Relief System File Upload Instructions

  This version of the Tax Relief systems includes some new features that revolve
  around uploading supplemental documentation files directly to Tax Relief through
  the web application. These are the same files that you previously had to FAX or
 Secured transmission of
  E-MAIL.
       documents.
  Notice the change to the DV section of the Main Page. You can now search for
  DVs in the same way as ACVs. You can even search DVs that you have already
  submitted by clicking the “Click this checkbox to show all DVs” checkbox.
Letter Reports
Uploading documentation

   Read upload instructions
   Scan Documents
   Save in a Folder
   Select the Applicant from the Listing
   Follow Online Instructions
2009 Information

      TY 2009 Income Limit

          $25,360
        1 – July 21                         2 – July 22                      3 – July 28                     4 – July 29
      Jasper Public Library       Wilson County Bank & Trust        Jonesborough Visitor Center           Clinton Public Library
    14 West Second Street                623 West Main Street                   117 Boone Street          118 South Hicks Street
                Jasper, TN                       Lebanon, TN                  Jonesborough, TN                      Clinton, TN
    9:00 a.m. – 12:00 noon             9:00 a.m. – 12:00 noon       9:00 a.m. – 12:00 noon EST      9:00 a.m. – 12:00 noon EST
   Approximate seating: 30            Approximate seating: 75          Approximate seating: 100         Approximate seating: 50
                                                                .

         5 – July 30                       6 – July 31                      7 – August 4                    8 – August 5
           Municipal Center                      Rhea County              Nashville Main Library    J.B. Walker Memorial Library
        400 West Broadway         Trustee Government Offices             Conference Room 1 A/B              120 West Swan Street
              Maryville, TN                 375 Church Street                  615 Church Street                  Centerville, TN
9:00 a.m. – 12:00 noon EST                        Dayton, TN                       Nashville, TN            9:00 a.m.–12:00 noon
    Approximate seating: 50       9:00 a.m. – 12:00 noon EST               9:30 a.m.–12:30 p.m.           Approximate seating: 30
                                     Approximate seating: 30            Approximate seating: 100

       9 – August 6                   10 – August 7                     11 – August 12                 12 – August 13
Shelbyville Recreation Center   Montgomery County Civic Hall        Madison County Main Library          Chamber of Commerce
        220 Tulip Tree Drive               350 Pageant Lane               433 E. Lafayette Street               Lannom Center
             Shelbyville, TN                 Clarksville, TN                         Jackson, TN        2000 Commerce Avenue
      9:00 a.m. – 12:00 noon          9:00 a.m. – 12:00 noon              9:00 a.m. – 12:00 noon                 Dyersburg, TN
     Approximate seating: 65        Approximate seating: 100             Approximate seating: 75         9:00 a.m. – 12:00 noon
                                                                                                        Approximate seating: 75
     Property Tax Freeze
 Frequently Asked Questions

         Tom Fleming
Assistant to the Comptroller for
         Assessments
        Tax Freeze FAQ

Q. What amount of tax becomes the
 frozen tax amount?

A. The amount paid in the year the
  owner first qualifies
        Tax Freeze FAQ

Q. What if the calculated taxes on a
 property are less than the frozen
 amount?

A. The taxpayer will pay the lesser
  amount.
         Tax Freeze FAQ

Q. If the actual taxes become lower
    than the frozen amount, do they
    refreeze at the lower amount?

A. No, taxes remain frozen at the
   amount for the year the applicant
   first qualified.
   (Note: The lower amount is actually paid.)
When Taxes Go Down
        Tax Freeze FAQ

Q. Do owners have to apply for the
 freeze or can they just state they are
 eligible?

A. The property owner has to apply
  and provide proof of age,
  ownership, and income.
        Tax Freeze FAQ

Q. Do owners have to apply or claim
 eligibility each year or just once?

A. The owner has to re-qualify each
  year.
        Tax Freeze FAQ

Q. Does every owner have to be over
 age 65 or is the property eligible if
 any owner is over 65?

A. It is not required that every owner
  be age 65 or over. It is required that
  the owner applying for the tax freeze
  be age 65 by the end of the year in
  which the application is filed.
         Tax Freeze FAQ
Q. If a qualified owner is determined in a
  subsequent year to no longer be qualified
  for the freeze and then in a following year
  regains eligibility, at what amount are the
  taxes frozen?
A. The owner would have to reapply and
  meet all the qualifications to have their
  taxes frozen. A new frozen tax amount
  would be established in the year that the
  applicant once again becomes eligible for
  the program.
          Tax Freeze FAQ
Q. Would the individual have to own the
  property the entire year to qualify for the
  freeze?
A. It is not required that the applicant own
  the property on January 1 of the tax year.
  However, the applicant must own the
  property for any portion of the year for
  which application is made and must retain
  ownership through the application
  deadline (35 days after the delinquency
  date for that tax year).
When Property Sells

       (35 days after delinquency date)
        Tax Freeze FAQ

Q. Will income be verified annually or
 just once?

A. The applicant will have to show
  proof of income annually.
        Tax Freeze FAQ

Q. Do the benefits of a freeze travel
 with the owner or must they be
 established for each property?

A. The benefits do not travel with the
  owner. They must be established for
  each property.
          Tax Freeze FAQ

Q. If an individual is already approved for the
  state Property Tax Relief Program as a low-
  income elderly recipient, will they also
  automatically qualify for the tax freeze?

A. Approval for Tax Relief serves as evidence of
  age and income for purposes of the tax
  freeze. Rules regarding ownership and
  residency differ between the two programs. A
  separate application for the tax freeze is
  required.
Tax Freeze Jurisdictions
Tax Freeze Jurisdictions
      2009 TCTA Spring Meeting
David Sherrill, Director
Tennessee County Reappraisal Cycles
                                                                                                                                                              Clay            Pickett                                                           Hancock                      Sullivan
                                                                             Stewart                        Robertson                         Macon                                                                              Claiborne                                                   Johnson
                                                                                          Montgomery                                                                                                                                                      Hawkins
                 Lake      Obion
                                            Weakley        Henry
                                                                                Houston
                                                                                                       3                     Sumner
                                                                                                                                       Trousdale
                                                                                                                                                         Jackson      Overton
                                                                                                                                                                                  Fentress
                                                                                                                                                                                                  Scott      Campbell
                                                                                                                                                                                                                          Union       Grainger                        9
                                                                                                                                                                                                                                                                      Washington    Carter



                  Dyer
                                     1                                                       Dickson
                                                                                                       Cheatham
                                                                                                                  Davidson         Wilson
                                                                                                                                                Smith
                                                                                                                                                               5
                                                                                                                                                              Putnam                         Morgan        Anderson
                                                                                                                                                                                                                   7                         Hamblen         Greene
                                                                                                                                                                                                                                                                          Unicoi
                                                                    Benton                                                                                                                                                              Jefferson
                                   Gibson                                    Humphreys
                                                      Carroll                                                                                        DeKalb                                                             Knox
                                                                                                                                                                                Cumberland                                                          Cocke
                                                                                                           Williamson                                              White
                          Crockett                                                                                           Rutherford                                                           Roane
         Lauderdale                                                                      Hickman                                            Cannon                                                                                     Sevier
                                                                                                                                                                                                          Loudon
                                                      Henderson                                                                                       Warren Van Buren                                                  Blount
                                     Madison                                 Perry
     Tipton
                      Haywood                                     Decatur
                                                                                          Lewis
                                                                                                        Maury
                                                                                                                             Bedford             6                   Bledsoe          Rhea
                                                                                                                                                                                         Meigs                     8
                             2                Chester
                                                                                                     4
                                                                                                                  Marshall                  Coffee
                                                                                                                                                        Grundy Sequatchie
                                                                                                                                                                                              McMinn       Monroe

                                                                                                                                  Moore
Shelby          Fayette      Hardeman                                         Wayne
                                               McNairy          Hardin                    Lawrence       Giles
                                                                                                                                          Franklin                         Hamilton     Bradley
                                                                                                                        Lincoln                            Marion                                  Polk




                                                                                                                     6 Year Cycle (44)
                                                                                                                     5 Year Cycle (38)
                                                                                                                     4 Year Cycle (13)
                                            2009 Assessment Activity
                                                                                                                                                              Clay            Pickett                                                           Hancock                      Sullivan
                                                                             Stewart                        Robertson                         Macon                                                                              Claiborne                                                   Johnson
                                                                                          Montgomery                                                                                                                                                      Hawkins
                 Lake      Obion
                                            Weakley        Henry
                                                                                Houston
                                                                                                       3                     Sumner
                                                                                                                                       Trousdale
                                                                                                                                                         Jackson      Overton
                                                                                                                                                                                  Fentress
                                                                                                                                                                                                  Scott      Campbell
                                                                                                                                                                                                                          Union       Grainger                        9
                                                                                                                                                                                                                                                                      Washington    Carter



                  Dyer
                                     1                                                       Dickson
                                                                                                       Cheatham
                                                                                                                  Davidson         Wilson
                                                                                                                                                Smith
                                                                                                                                                               5
                                                                                                                                                              Putnam                         Morgan        Anderson
                                                                                                                                                                                                                   7                         Hamblen         Greene
                                                                                                                                                                                                                                                                          Unicoi
                                                                    Benton                                                                                                                                                              Jefferson
                                   Gibson                                    Humphreys
                                                      Carroll                                                                                        DeKalb                                                             Knox
                                                                                                                                                                                Cumberland                                                          Cocke
                                                                                                           Williamson                                              White
                          Crockett                                                                                           Rutherford                                                           Roane
         Lauderdale                                                                      Hickman                                            Cannon                                                                                     Sevier
                                                                                                                                                                                                          Loudon
                                                      Henderson                                                                                       Warren Van Buren                                                  Blount
                                     Madison                                 Perry
     Tipton
                      Haywood                                     Decatur
                                                                                          Lewis
                                                                                                        Maury
                                                                                                                             Bedford             6                   Bledsoe          Rhea
                                                                                                                                                                                         Meigs                     8
                             2                Chester
                                                                                                     4
                                                                                                                  Marshall                  Coffee
                                                                                                                                                        Grundy Sequatchie
                                                                                                                                                                                              McMinn       Monroe

                                                                                                                                  Moore
Shelby          Fayette      Hardeman                                         Wayne
                                               McNairy          Hardin                    Lawrence       Giles
                                                                                                                                          Franklin                         Hamilton     Bradley
                                                                                                                        Lincoln                            Marion                                  Polk




                                                                                                                     Reappraisal (18)

                                                                                                                     Current Value Update (3)
                                                                                                                     Ratio Study (37)
         Assessment Process

 Fair & Equitable Appraisals
  (Assessments - Taxes)

 Fundamental Principles of Appraisal

 Based on “Market Value”
  (Market Value is established by arm’s-length
  sales occurring on the open market)
             Current Issue

 What about the current economic crises and
  those “Foreclosure Sales”?

 The Current Economic Crises does not
  support abandonment of appraisal &
  assessment principles, but rather supports
  adherence to those principles.
               Current Issue

 Foreclosure – Financial Institution is taking
  back the property (this is not a sale).

 In Lieu of Foreclosure – Property is
  voluntarily transferred back to the lender
  prior to a foreclosure (this is not a sale).
        Sales After Foreclosure

 Short Sale – seller sells for less than the
  mortgage, and bank agrees to accept. Seller is
  under duress to sell under these terms or lose
  the property through Foreclosure.
  (this is a distress sale)

 Foreclosure Resale – property is resold by
  financial institution after foreclosure.
  (Could be open market, arm’s-length transaction)
    2009 Reappraisal Counties

 Market Value as of Jan 1, 2009

 CTR for 2009

 Tax Roll / Collections 2009
         Taxpayer Perception

 All Market Values Lowest in 10 years.
  (All assessments should be reduced)

 “Foreclosures” should be used to
  value property.

 Government Reappraises to Increase
  Revenues / Raise Taxes.
Taxpayer Perception
Our Wheels Are Falling Off
                    Reality

 2009 Values are higher than 2003 & 2004 & 2005.

 “Foreclosures” are not sales. Sales after
  foreclosure are usually not “arm’s length, open
  market sales”.

 County Budget needs have NO INFLUENCE on
  appraisals / assessments.
  The 2009 Challenge



Communication
    2009 TCTA Spring Meeting

Legislative Update
Robert Lee, General Counsel
What’s happening at the 106th
General Assembly?


 GUNS, GUNS & MORE GUNS!
 Sagging Pants
 Budget
Owner’s Income for Tax Relief &
Tax Freeze

Public Chapter 68
 Provides that income attributable to the
  property owner will include income of
  applicant’s spouse.
 Same for Tax Relief & Tax Freeze
Right of Redemption - Time

Senate Bill 429 / House Bill 598
 Provides that 1 year right of redemption if from
  the date of the order of confirmation of the sale.
 Filed with the clerk of the court responsible for
  the delinquent tax sale.
      Signed by Governor
Right of Redemption - Who

Senate Bill 1158 / HB 1297
 Requires that the person(s) entitled to redeem
  property after a delinquent tax sale must have
  an interest in the property as of the date of
  the tax sale.
Municipal Purchase of Property at
a Delinquent Tax Sale
Senate Bill 1166 / House Bill 1387
 Authorizes municipalities to sell property
  acquired for tax delinquency for a price that is
  less than the total amount of taxes, penalty,
  cost and interest.
 Requires a majority vote of the governing body.
 Does not apply to Davidson County.
      Sent to Governor
Trustee’s Settlement Report

Senate Bill 1277 / House Bill 1601
 Removes requirement that the trustee must
  report and make a settlement for all taxes
  with the commissioner of revenue.
 Removes requirement that the trustee
  submit a financial report to certain state and
  local government officers for purposes of
  making a final settlement of taxes.
Tax Receivables

Senate Bill 1543 / House Bill 1813
 Broadens authority to sell delinquent
  property tax receivables to all political
  subdivisions of the state.
Delinquent Property Taxes

Senate Bill 2037 / House Bill 1990
 Makes it clear that the person redeeming
  property must pay any property taxes paid on
  the property, either current taxes or
  delinquent taxes.
 Revises the language of the notice published
  in January prior to sending delinquent taxes
  to back tax attorney.
      Sent to Governor
Partial Payment Plan

Public Chapter 71
 Requires that the trustee file a plan with the
  Comptroller’s Office at least thirty (30) days prior to
  accepting partial payments prior to taxes being due
  under TCA § 67-5-1808.
 The plan will not be subject to the approval of the
  Comptroller’s Office but will allow the Comptroller’s
  Office to comment on the plan.
 This legislation brings uniformity to both partial
  payment statutes.
      Sent to Governor
State Board Appeals

Senate Bill 1570 / House Bill 1535
 Provides that the Division of Property
  Assessments has the right to intervene in
  contested cased before the State Board of
  Equalization.
 Provides that attorneys from the Division of
  Property Assessments can represent county
  assessors before the State Board of
  Equalization.
      Sent to Governor
Collateral Attacks

Senate Bill 2110 / House Bill 2074
 Makes clear that jurisdiction of the State
  Board of Equalization is limited to matters of
  valuation, classification, and exemption of
  property, and leaves legality of taxes to be
  decided by the courts.
Local Govt. Electronic Technology Act

Public Chapter 96
 Provides that prior to any local government
  implementing new electronic technology associated
  with the disbursement of public funds; purchasing;
  or the sale of local government assets; or the
  collection of various taxes, fines, fees or payments;
  the local government shall file a plan with the
  Comptroller of the Treasury.
American Recovery &
Reinvestment Act (ARRA)
 Almost $5 Billion for Tennessee
   Schools
   Water / Wastewater
   Energy
   Transportation
 Accountability

								
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