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                                                                    2024 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 2023? ................................................................................. Yes ☐  No ☐ 
3a. Were you age 65 to 69 as of December 31, 2023? .............................................................................. Yes ☐  No ☐ 
3b. Were you age 70 or older as of December 31, 2023? .......................................................................... 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, 2023? See instructions ............... Yes ☐  No ☐ 
4.  Were you a resident of a nursing home or care facility during 2023? 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 2023? ....................................... Yes ☐  No ☐ 
    If Yes, see instructions and enter the percentage here ........................................................................  ________  % 
7.  Was any part of the land in your homestead tract rented during 2023? ............................................... Yes ☐  No ☐ 
    If Yes, how many acres were used exclusively by you? .......................................................................  ___________  
2023 Total household income for the entire year 
Read instructions before completing.                                                                                                 Use whole dollars only 
8.  Iowa taxable income (see instructions) ...........................................................................                     ,        .00 
9.  In-kind assistance for housing expenses ........................................................................                       ,         .00   
10. Title 19 benefits (excluding medical benefits) .................................................................                       ,        .00       
11. Social Security income (include any Medicare premiums withheld) ...............................                                        ,        .00   
12. Disability income and workers’ compensation ................................................................                           ,        .00   
13. All retirement income ......................................................................................................           ,        .00       
14. Interest income from federal, state, or local government ................................................                              ,        .00   
15. Capital gains and income from a farm tenancy agreement                                                                            
    If less than zero, enter 0. ................................................................................................           ,        .00   
16. Money received from others living with you ....................................................................                        ,        .00   
17. Other income ..................................................................................................................        ,        .00   
18. Total household income. Add amounts from lines 8-17 ..................................................                                 ,        .00   
    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, to the 
best of my knowledge and belief, it is true, correct, and complete. 
Your signature:  ___________________________________________________  Date: ________________________  
Return this form to your county treasurer on or before June 1, 2024, or, if the treasurer has extended the filing deadline, 
on or before March 31, 2025.  

                                                                                                                                               54-001a (10/20/2022)

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2024 Iowa Property Tax Credit Claim Instructions, page 1
Who is eligible? Current proof of disability must be included with your claim in
• Iowa residents. one of these forms:
• Total household income less than $25,328 and age 65 or • A current statement from the Veteran’s Administration that
older on December 31, 2023, or in 2023 you were receiving a disability benefit due to
• Total household income less than 250% of the federal 100% disability, or
poverty level (see 250% Federal poverty level guidelines) • A copy of the current Social Security Administration
and age 70 or older on December 31, 2023, or document stating the date the disability began, or
• Totally disabled and age 18 or older by December 31, • A written statement from your doctor noting the beginning
2023. date of disability and whether the disability is permanent
A claim for property tax credit may be filed on behalf of a or temporary.
deceased person by the person’s spouse, attorney, Claims without proper documentation will be denied.
guardian, or estate executor or administrator. To be eligible Proof of disability is not required if you were age 65 or
the deceased person must have been an Iowa resident at the older as of December 31, 2023
time of death. If two or more persons occupying a home Line 4: Mark “Yes” if you are a resident of a nursing home or
qualify for a credit, each person may file a claim based on care facility. If not, mark “No.” If you are living in a nursing
each person’s income and each person’s share of property home or care facility, you are eligible for the property tax
tax due. Married couples are considered one household, credit on your homestead if it is not being rented to someone
may file only one claim, and must combine their incomes. else. If it is being rented, you are not eligible to file a property
Mobile/Manufactured/Modular Homes tax credit claim, but you may be able to file a rent
A claim for property tax credit may be filed if your mobile, reimbursement claim based upon the rent payment you
manufactured, or modular home was assessed as real made to the nursing home.
estate. If your mobile, manufactured, or modular home was Line 6: Mark “Yes” if part of your home was rented or used
not assessed as real estate, you may claim a credit on the for business purposes during 2023. If not, mark “No.” If you
property taxes due on the land where the home is located, if marked “Yes,” you are entitled to a credit of property tax due
you own the land. on only that portion of the home utilized as the dwelling place
If your home is subject to the annual tax based on square by you and your spouse.
footage, you may be eligible for a reduced square footage If you answered “Yes”, on line 6, calculate the percentage of
tax. Your county treasurer has the details on the property tax that is allowable for a credit by determining the
Mobile/Manufactured/Modular Home Reduced Tax Rate square footage of the home that is utilized as the personal
Program. dwelling, in proportion to the square footage of the entire
Due date home. Enter this percentage on line 6.
This claim must be filed with your county treasurer on or For example: if the square footage for personal use is 750,
before June 1, 2024. The treasurer may extend the filing and the total square footage is 1,000, the percentage is 75%
deadline to March 31, 2025. (750 divided by 1,000 equals 75 percent).
Additional information 2023 Household income
The location of your county treasurer can be found at the
Household income includes your income and your spouse’s
Iowa Treasurers website: iowatreasurers.org.
income, if living together, and monetary contributions
For information about your Social Security benefits, go to the received from any other person living with you. If you and
Social Security Administration website: your spouse do not live together, you may file separate
ssa.gov/myaccount. claims. If you received a property tax credit in 2023, do not
Claimant instructions report this as income. Income reported for the purpose of this
Line 3b: “Living with” refers to domicile and does not include application may be different than that reported on an income
a temporary visit. tax return.
Line 3c:“Totally disabled” means: Line 8: Iowa taxable income - Enter the amount of Iowa
taxable income from your state individual income return
• You are unable to engage in any substantial gainful (2023 IA 1040, Step 4, Line 4). If you did not file a 2023 IA
employment; 1040, enter the amount of your wages, salaries,
• The unemployment is due to a physical or mental unemployment compensation, tips, bonuses, commissions,
impairment that is: dividends, distributions, or any profit from a business. If you
o Medically determined; and are not required to file an IA 1040 for the 2023 tax year
o Expected to last 12 months or longer or result in because you are below the income threshold, enter zero. If
death. you live with your spouse, include their income.
Lines 9-17: Any amounts entered on these lines shall be
amounts not already included in line 8.
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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2024 Iowa Property Tax Credit Claim Instructions, page 2
Line 10: Title 19 benefits - Enter your Title 19 benefits Treasurer’s Instructions
received for housing only. Do not include medical benefits. If Line C: Follow the steps below.
you live in a nursing home or care facility, contact the 1. Obtain the taxable value of the land in the homestead for
administrator for the amount to enter, or: January 1, 2023, from the city or county assessor’s office.
• Enter 20% of your benefits if you lived in a nursing home, 2. Divide line B by line A.
or 3. Multiply the result in step 2 by the number in step 1.
• Enter 40% if you lived in a care facility. 4. Enter the result from step 3 on Line C.
Line 11: Social Security income - Enter the total Social Line D: Obtain the taxable value of the homestead buildings
for January 1, 2023, from the city or county assessor’s office.
Security benefits received, even if not reportable for income
Multiply this number by the percentage provided by the
tax purposes. Include any Medicare premiums withheld. Do
claimant on line 6 of the form. Enter the result on line D.
not include child insurance benefits received by a member of
your household. Line J: If line 5b was answered “Yes” enter the prorated
gross property tax on line J or, if applicable, the prorated
Line 12: Disability income and workers’ compensation - property tax base on line L.
Enter the total received for disability or workers’
Example: There are three owners of a home, but only two of
compensation, even if not reportable for income tax
the owners reside there. The gross property taxes equal
purposes.
$1,800. The prorated amount to be entered on line J is
Line 13: All retirement income - Enter the total amount $1,200, [($1,800 / 3) x 2 = $1,200]. Alternatively, each person
received from a governmental or other pension or retirement may file a claim individually using their share of the property
plan, including defined benefit or defined contribution plans; taxes. Prorate the Homestead Credit proportionately among
annuities; individual retirement accounts; plans maintained the claimants.
or contributed to by an employer, or maintained and
contributed to by a self-employed person as an employer; Line M: This percentage is to be used in computing the
amount to enter on line J or, if applicable, the prorated
and deferred compensation plans or any earnings
property tax base on line L. This computation will adjust the
attributable to the deferred compensation plan. Include
taxes on the land in the homestead in the same proportion.
retirement pay for military service, even if not reportable for
income tax purposes. 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
Line 14: Interest income from federal, state, or local
household income of less than 250 percent of the federal
governments - Enter interest income from federal, state, and
poverty level is eligible to receive a credit against property
local governments.
taxes due on the claimant’s homestead. Follow the directions
Line 15: Capital gains and income from a farm tenancy on page 5 to determine property tax credit eligibility.
agreement - Enter any capital gain received from the sale or
exchange of capital assets that is not already included in line Total household income and allowable credit %
8. Capital losses are limited to the same amount reportable Total household income Allowable credit
for income tax purposes. Any loss must be offset against $0.00 – $13,047.99, enter 100%
gain, and a net loss must be reported as zero. Enter the
$13,048.00 – $14,582.99, enter 85%
amount of income from a farm tenancy agreement covering
real property that is not already included in line 8. $14,583.00 – $16,117.99, enter 70%
$16,118.00 – $19,187.99, enter 50%
Line 16: Money received from others - Enter money received
from others living with you. Do not include goods and $19,188.00 – $22,257.99, enter 35%
services received. $22,258.00 – $25,327.99, enter 25%
$25,328.00 – or greater, no credit is allowed.
Line 17:Other income - Enter total income received from the
following sources:
• Child support and alimony payments. 250% Federal poverty level guidelines
• Welfare payments. Include Family Investment Program Number of persons Total household income
(FIP), children’s Supplemental Security Income (SSI), in family/household is less than or equal to
and all other welfare program cash payments. Do not 1 $36,450.00
include foster grandparents’ stipends or non-cash 2 $49,300.00
government assistance (food, clothing, food stamps, 3 $62,150.00
medical supplies, etc.).
• Insurance income not reported elsewhere on this form. $75,000.00
4
• Gambling and all other income not reported elsewhere 5 $87,850.00
on this form. 6 $100,700.00
7 $113,550.00
8 $126,400.00
For families/households with more than 8 persons, add
$12,850 for each additional person.

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2024 Iowa Property Tax Credit Claim Instructions, page 3
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, 2023 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, 2023, 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 2024-2025 .................................................................... 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. ______________
Credit computation
J. Gross property tax due (include Homestead Credit) during the fiscal year 2024-2025.
(See instructions) .............................................................................................................. , .00
K. Special assessments ........................................................................................................ , .00
L. 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.
Enter this amount or $1,000, whichever is less ........................................................................ , .00
M. 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 Allowable credit
$0.00 – $13,047.99, enter 100%
$13,048.00 – $14,582.99, enter 85%
$14,583.00 – $16,117.99, enter 70%
$16,118.00 – $19,187.99, enter 50%
$19,188.00 – $22,257.99, enter 35%
$22,258.00 – $25,327.99, enter 25%
$25,328.00 – or greater, no credit is allowed.

N. Tentative credit: Multiply line L by line M .......................................................................... , .00
O. Homestead Credit applicable to taxes payable in fiscal year 2024-2025 ......................... , .00
,
P. Property Tax Credit: Subtract line O from line N .............................................................. .00

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

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                                         2024 Iowa Property Tax Credit Claim Instructions, page 4 
                                         TREASURER’S USE ONLY 
A claimant filing a claim for the property tax credit who is  Eligibility  for claimants  who are age 70 or older as of 
at least 70 years of age and who has a household income       December 31, 2023. If a claimant’s household income 
of less than 250 percent of the federal poverty level is      exceeds  the  federal  poverty  level  table  as described 
eligible to receive a credit against property taxes due on    below, then the claimant is ineligible for the credit. 
the claimant’s homestead. 
                                                              250% Federal poverty level table 
For such a claimant, the tentative credit amount is equal 
                                                              Number of persons                                                   Total household income  
to the greater of the following: 
                                                              in family/household                                                 is less than or equal to  
(1) the amount of the credit as  calculated  under the        1                                                                     $36,450.00 
schedule of credit amounts specified in Iowa Code section     2                                                                     $49,300.00 
425.23(1)(a) as if the claimant was an eligible claimant for 
                                                              3 
a credit under that provision (see credit computation in                                                                            $62,150.00 
lines J through P above); and                                 4                                                                     $75,000.00 
                                                              5 
(2) the difference between the actual amount of property                                                                            $87,850.00 
taxes due on the homestead during the applicable fiscal       6                                                                     $100,700.00 
year minus the actual amount of property taxes due on the     7                                                                     $113,550.00 
homestead based  on  a  full assessment  during  the first    8                                                                     $126,400.00 
fiscal year for which the claimant checked “Yes” for box 3b 
and if the claimant has filed for the credit for each of the  For families/households with more than 8 persons, add 
subsequent fiscal years after the first credit claimed.       $12,850 for each additional person.

Q.  Actual amount of property taxes due on homestead in fiscal year 2024-2025  
   (Subtract all credits) ......................................................................................................    ,           .00 
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) .............................................................................             ,           .00 
S.  Tentative credit: Subtract line R from line Q .................................................................                 ,           .00 

T. Homestead Credit applicable to taxes payable in fiscal year 2024-2025 .....................                                      ,             .00 
U.  Property Tax Credit: Subtract line T from line S ...........................................................                    ,           .00 
                                                                                                                                                 
V.  Actual credit: Enter the greater of line U and line P ......................................................                    ,           .00 

                                                                                                                                       54-001e (07/19/2022)

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