$1112 Property Tax Rebate September 2024: Check Who is Eligible & How to Apply for PTC Rebate Payment?

$1112 Property Tax Rebate Program 2024: The Property Tax, Rent, and Heat (PTC) Rebate program is a financial aid initiative for residents of Colorado. If you lived in Colorado throughout 2023, you may qualify for this helpful program. It is aimed at low-income individuals and is designed to ease the burden of property taxes, rent, and heating expenses. Let’s explore who is eligible, how to apply for $1112 Property Tax Rebate Program 2024, and what benefits you can receive.

The PTC Rebate program supports Colorado residents who lived in the state from January 1 to December 31, 2023, by providing assistance for property taxes, rent, and heating costs. This $1112 Property Tax Rebate Program 2024 is intended to help low-income families manage their daily expenses. The PTC Rebate applies only to property taxes for the home and the first acre of land. Remember, each household can only receive one rebate. Those claimants who are eligible only they can receive $1112 stimulus payment.

Property Tax Rebate $1,112 Stimulus Payment September 2024

Property Tax Rebate Program 2024
ParticularsInformation
Income slab for Single Filers>$18,026
Income slab for  Married Couples>$24,345
Age=65 years or older and for surviving spouses =58 or older
with Disabilityno age restrictions
Residency criteriaStayed in Colorado from January 1 to December 31, 2023.
End date to apply10th of September, 2024 (for October payments)

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Property Tax Rebate Eligibility 2024

  • To qualify for the $1112 stimulus payment, specific income limits must be met.
  • Single taxpayers should earn less than $18,026 annually.
  • Married couples filing jointly must have a combined income under $24,345.
  • Eligibility for the PTC rebate is determined as of December 31, 2023.
  • Residents aged 65 and older can qualify for the payment.
  • Surviving spouses aged 58 or older are also eligible.
  • A surviving spouse must not have divorced before their partner’s death.
  • Individuals with disabilities, regardless of age, may qualify if they cannot perform necessary work.
  • Those with disabilities must be eligible for full disability benefits until 2023.
  • Meeting these criteria is essential to receive the $1112 stimulus payment.

How to apply for Property Tax Rebate $1,112 Stimulus Payment?

  • To join the PTC Discount Program, applicants must have paid property taxes, rent, or utility bills during the eligible timeframe. 
  • Applicants should not be listed as dependents on another person’s federal tax return. 
  • According to the Colorado Department of Revenue’s official site, those who applied for a refund in the last two years can file their claim online for free. 
  • After accessing the site, applicants need to click on the “Submit PTC Discount Application” link. 
  • When filling out the application on Revenue Online, supporting documents must be attached electronically. 
  • The address on the refund application should match the address on the applicant’s driver’s license or ID. 
  • If an applicant does not have a Social Security number, there is an additional form to help complete the application.
  • Claimants will get the payment in October if they have already applied within 10th of September.
  • Homeowners who apply online can expect their refunds to be processed within 30 days. 
  • Paper applications may take up to 90 days for processing. 

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Property Tax, Rent, and Utility Rebate Program (PTC) Payment

  • As per your application apply date, the PTC Rebate follows a particular timeline.
  • If a payment date coincides with a weekend or holiday, it will automatically shift to the next business day. 
  • For a faster rebate, consider submitting your application in January or early February and opt for Direct Deposit. 
  • The Department requests that you refrain from calling about your PTC rebate until the payment date, as updates won’t be available until then. 
  • In case your application is denied, expect to receive a notification letter from the Department, and you can check your rebate status online using the provided instructions. 
  • Important dates matter for receiving your rebate.
  • Your payment timing depends on when your application is completed.
  • If processed by September 10, 2024, expect your rebate in October 2024.
  • Applications processed by December 10, 2024, will see payments starting in January 2025.
  • Apply early to ensure a smooth process and timely payment.

Property Tax Rebate Payout Schedule

Application Received, Approved, and Processed BeforeDirect Deposit Payment DatesPaper Check Payment DatesAmount of Each Installment PaymentNumber of Equal Installments
10th of March, 20245th of April, 202415th of April, 20241/4th  of total rebate4
10th of June, 20245th of July 5, 202415th of July 15, 20241/3rd  of total rebate3
10th of September, 20245th of October 5, 202415th of October, 20241/2nd  of total rebate2
10th of December, 20245th of January 5, 202515th of January, 2025Full rebate1
31st of December, 202510 Weeks after receipt12 weeks after receiptFull rebate1

Important points to remember

  • Ensure your driver’s license or state ID matches the address on your application. 
  • Collect your receipts for property tax, rent, and heating costs before starting the application. 
  • Use the online portal for a quicker and safer application if you applied in the last two years. 
  • Following these tips increases your chances of getting your rebate on time. 
  • If you have questions, check the Colorado Department of Revenue’s website for more information. 

Fact Check

Rumors of specific checks often arise from misunderstandings of existing government benefits or exaggerated claims made online. It’s important to rely on official sources for accurate information.

There has been no federal announcement in 2024 about deposit payments. Most deposits for government programs will vary based on individual circumstances, including income, work history, and eligibility. To avoid becoming a victim of misinformation, always verify claims through official government websites or consult a financial advisor.

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FAQs: $1112 Property Tax Rebate September 2024

Who is eligible for the Stimulus Property Tax Rebate?

Individuals age 65 or older, surviving spouses age 58 or older, and individuals with disabilities who reside in Colorado through 2023 may be eligible if they meet income requirements.

How do I apply for exemption?

You can apply online through the Colorado Department of Revenue online platform. Be sure to submit all necessary supporting documents as electronic attachments.

What are the Payment Dates?

Payments for applications submitted by September 10, 2024, will begin in October, and payments for applications submitted by December 10, 2024, will begin in January 2025.

Can I still apply if I don’t have a Social Security number?

Yes, you can still apply, but you will need to submit additional documents to complete the process.

Author

  • Hari Krishnan

    Hello Friends I am writing since 2020. I have done MBA in Finance, and worked in one of the top Private Bank. Currently i am fully focusing on writing Finance related information. My aim is to provide correct and useful data to all of you. If You find any mistake or misinformation in my articles then you can contact me.

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