Free 948 Missouri PDF Template Modify Form Online

Free 948 Missouri PDF Template

The 948 Missouri form is a document used to calculate property tax credits for eligible claimants, including those applying for the Public Safety Officer Surviving Spouse Credit. This form requires information about the assessed valuation of a homestead and any associated land to determine the appropriate percentage of tax that can be claimed. Completing this form accurately is essential for ensuring that you receive the correct tax benefits.

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Table of Contents

How to Use 948 Missouri

Completing the 948 Missouri form is essential for those seeking property tax credits. Follow these steps carefully to ensure accuracy and compliance. It is important to gather all necessary information before you start.

  1. Begin by entering your last name, first name, and middle initial in the designated fields.
  2. Input your Social Security number in the appropriate box.
  3. Next, provide your spouse’s last name, first name, and middle initial.
  4. Enter your spouse’s Social Security number.
  5. Fill in your current address, including city, state, and ZIP code.
  6. Indicate the tax year for which you are claiming the credit.
  7. For the homestead section, the county assessor will enter the assessed valuation of your dwelling.
  8. Next, the assessor will enter the assessed valuation of surrounding land up to five acres used for homestead purposes.
  9. The assessor will then calculate the total valuation of the homestead by adding the values from the previous two lines.
  10. Input the total assessed valuation from your single tax receipt or assessment.
  11. The assessor will compute the percentage of tax allocated to the homestead by dividing the total valuation of the homestead by the total assessed valuation.
  12. Multiply the total tax paid by the percentage calculated in the previous step and enter this amount on the form.
  13. If applicable, for mobile homes, the assessor will enter the valuation of the mobile home only.
  14. The assessor will also enter the total valuation of all personal property.
  15. The percentage of personal property tax allocated to the mobile home will be computed by dividing the valuation of the mobile home by the total valuation of all personal property.
  16. Finally, the assessor will multiply the total tax paid by the percentage allocated to the mobile home and enter this amount on the form.
  17. The assessor must then provide their name, telephone number, and signature, along with the date of certification.

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Document Features

Fact Name Description
Purpose The 948 Missouri form is used to calculate the Property Tax Credit and the Public Safety Officer Surviving Spouse Credit for eligible claimants.
Governing Laws This form is governed by Missouri Revised Statutes Chapter 135, which outlines the regulations for property tax credits.
Assessor's Role The county assessor is responsible for completing sections of the form to determine the appropriate percentage of tax that can be claimed by the applicant.
Eligibility Criteria Eligibility for the credits depends on the assessed valuation of the homestead and surrounding land, which must not exceed five acres.

Key takeaways

Filling out the 948 Missouri form can seem daunting, but understanding its key elements will simplify the process. Here are seven important takeaways to keep in mind:

  • Purpose of the Form: The 948 form is primarily used to calculate the Property Tax Credit and the Public Safety Officer Surviving Spouse Credit. It requires input from both the claimant and the county assessor.
  • Homestead Definition: For the purposes of this form, a homestead is defined as your primary residence and includes up to five acres of surrounding land. Taxes on additional land or farms cannot be included.
  • Assessor's Role: The county assessor plays a crucial role in determining the assessed valuations of both your dwelling and the surrounding land. This information is essential for calculating your credit.
  • Calculating Percentages: The form requires you to compute percentages based on the assessed valuation of your homestead. This involves dividing the total valuation of your homestead by the total assessed valuation on your tax receipt.
  • Mobile Home Considerations: If you own a mobile home, it’s important to understand that the tax paid on it is considered personal property tax. The assessor will determine the appropriate percentage of tax that applies to your mobile home specifically.
  • Documentation Required: Ensure that all necessary documentation, including your tax receipts, is readily available when completing the form. This will facilitate accurate calculations and avoid delays.
  • Submission Guidelines: After completing the form, it must be attached to either Form MO-PTC, Form MO-PTS, or Form MO-SSC before submission. Be sure to check for any additional requirements specific to your situation.

By keeping these points in mind, you can navigate the 948 Missouri form with greater ease and confidence. If you have any questions, consider reaching out to your local assessor’s office for assistance.