Colorado provides a Property Tax/Rent/Heat Rebate, commonly known as the “PTC Rebate,” for low-income seniors and disabled individuals. Qualified applicants can receive up to $792 — $600 for rent or property tax paid and a maximum rebate of $192 for heating expenses they have paid.
The rebate has been available to Colorado residents since 1979 and was claimed by more than 23,000 applicants last year. The actual rebate total is based on the applicant’s income and expenses. Any Colorado resident who meets the requirements for the rebate should submit the 2011 rebate application, Form 104PTC, which is available from the Department of Revenue’s Taxation Web site at www.TaxColorado.com on the PTC page.
What are the eligibility requirements?
- You have resided in Colorado for the entire year.
- A single person with total income of less than $12,313.
- A married couple with total combined income of less than $16,205
- You (either husband or wife) are 65 or older by Dec. 31, or are a surviving spouse at least 58 years old by Dec. 31.
- You were disabled for the entire year, regardless of age.
- You are not claimed as a dependent on any other person’s federal income tax return.
- You are lawfully present in the United States.
- You apply for the rebate with the 104PTC form and the DR 4679 PTC affidavit, available at www.TaxColorado.com Click on the PTC button at the top of the page for the 104PTC booklet with instructions.
How to check the status of a rebate check
The status of a PTC rebate will not be available until April 15, 2012 or 12 weeks after the application is filed, whichever is later. Depending on when the application is approved, installment payments are issued in April, July, October and January.
Persons who apply for the PTC rebate and who have Internet access can go to www.Colorado.gov/RevenueOnline and click on Individual to check the status of their most current installment payment. This system will not show the full rebate amount.