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Press Release -- December 15, 2006

Seniors Eligible for Tax/Rent/Heat Rebates

Denver, CO. Low income seniors often find themselves needing additional cash to pay the water bill, the phone bill, or to fix something that is broken, but there just isn't enough cash. The Property Tax/Rent/Heat Rebate program may be able to provide some much needed cash.

Individuals who are age 65 on December 31, 2006 and whose annual income is less than $11,000 for a single person ($14,700 for a couple) may be eligible for a property tax/rent rebate up to $600. Disabled individuals and surviving spouses who are at least 58 years of age on December 31, 2006 are also eligible.

Individuals are also eligible for up to $160 in a heat rebate if heating costs (excluding electricity, unless it is the primary source of heat) are paid in addition to rent or property taxes. Individuals who live in subsidized housing and/or who do not pay heating costs are not eligible for the rebate.

To qualify individuals need to complete the PTC104. Individuals must have maintained residency in Colorado for the entire year. To prove residency, the individual must submit a valid Colorado Driver's license or Identification Card and a copy of the lease and/or proof that taxes have been paid. Individuals must also sign an affidavit proving lawful presence in the United States.

To complete the form individuals will need the amount of rent or taxes paid, the amount of utilities (excluding electricity, unless it is the primary source of heat), and annual income for 2006.

Payment is made in four monthly installments after April 15, 2007 if the form is received by the Colorado Department of Revenue by March 10, 2007. Depending on the date the form is filed after March 10, 2007, the payment will be processed and paid according to a schedule through out the year. Individuals have until December 31, 2008 to file for the 2006 rebate.

Individuals who have not filed for the 2005 may do so until December 31, 2007.

Individuals who are eligible for these rebates may also be eligible for LEAP to assist with utility payments, the Medicare Savings Program to help with cost of Medicare Part B premiums and co-payments, "Extra Help" to help with the cost of prescription drugs, Food Stamps to help with food costs, and Old Age Pension for a monthly grant award. All of these programs have different income and resource requirements.

Individuals who own their own home and have lived there for 10 years or more should apply for the Property Tax Exemption program prior to July 1, 2007 for a reduction in property taxes in 2008 (individuals who have filed previously do not need to re-apply).

Forms may be obtained by calling 303-238-3278 or 303-333-3482 or at http://www.revenue.state.co.us/PDF/06104ptcfill.pdf. Senior Answers and Services has volunteers who can help to complete the forms or file income taxes. For assistance, call 303-333-3482.