42-17304. Deferral claim
A. The claim for deferral shall be on a form that is prescribed by the state
treasurer and that provides an explanation of the requirements of this article and
instructions for completing and filing the claim. The claim shall:
1. Identify the residence by street address and tax parcel number.
2. Recite the facts establishing the individual's and residence's eligibility for
deferral, including all mortgages, reverse mortgages, deeds of trust and other security
interests that constitute current liens on the residence with the year or years they were
recorded.
3. State the maximum amount of taxes that can be deferred on the residence. The
cumulative amount of deferred taxes and interest that attaches to a tax deferred
residence under this article, plus any amounts secured by mortgages, reverse mortgages,
deeds of trust and other real property security interest with respect to the residence,
may not exceed ninety per cent of the full cash value of the residence determined by the
county assessor for the tax year.
4. State the total taxable income of all persons residing in the residence for the
taxable year immediately preceding the current year. The taxpayer shall attach a copy of
the state income tax return filed by each person who resided in the residence during the
preceding taxable year. If any person residing in the residence was not required to file
a state income tax return under title 43 for the preceding taxable year, the taxpayer
shall certify that the total taxable income of all persons residing in the residence for
the taxable year immediately preceding the current year does not exceed ten thousand
dollars.
B. In addition to the claim form, the taxpayer shall submit copies of all relevant
documentation that is necessary to establish eligibility for the deferral.
C. The taxpayer shall sign the claim form under penalty of perjury.
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