Renters Property Tax Refund Algorithms

Renters Property Tax Refund Algorithms

Renter Schedule for 2011
(Filing in 2012/Fiscal Year 2013)
Income Range
Threshold
Copay
Maximum
Income
Midpoint
$ 0 – $ 1,559
1,560 – 3,119 3,120 – 4,689 4,690 – 6,239 6,240 – 7,799 1.0%
1.0%
1.0%
1.0%
1.1%
5%
5%
5%
10%
10%
$1,550
1,550 1,550 1,550 1,550 $ 780
2,340
3,905
5,465
7,020
7,800 – 9,359 9,360 – 10,929 10,930 – 12,489 12,490 – 14,049 14,050 – 15,609 1.2%
1.2%
1.3%
1.3%
1.4%
10%
10%
15%
15%
15%
1,550 1,550 1,550 1,550 1,550 8,580
10,145
11,710
13,270
14,830
15,610 – 17,159 17,160 – 18,729 18,730 – 20,289 20,290 – 21,849 21,850 – 23,399 1.4%
1.5%
1.5%
1.6%
1.7%
20%
20%
20%
20%
25%
1,550 1,550 1,550 1,550 1,550 16,385
17,945
19,510
21,070
22,625
23,400 – 24,969 24,970 – 26,539 26,540 – 28,089 28,090 – 29,649 29,650 – 31,209 1.8%
1.8%
1.9%
2.0%
2.2%
25%
25%
30%
30%
30%
1,550 1,550 1,550 1,550 1,550 24,185
25,755
27,315
28,870
30,430
31,210 – 32,769 32,770 – 34,329 34,330 – 35,899 35,900 – 37,449 37,450 – 39,009 2.4%
2.6%
2.7%
2.8%
2.9%
30%
35%
35%
35%
40%
1,550 1,550 1,550 1,550 1,550 31,990
33,550
35,115
36,675
38,230
39,010 – 40,589 40,590 – 42,139 42,140 – 43,699 43,700 – 45,249 45,250 – 46,819 3.0%
3.1%
3.2%
3.3%
3.4%
40%
40%
40%
45%
45%
1,550 1,550 1,550 1,410 1,250 39,800
41,365
42,920
44,475
46,035
46,820 – 48,389 48,390 – 49,939 49,940 – 51,509 51,510 – 53,059 53,060 – 54,619 3.5%
3.5%
3.5%
3.5%
3.5%
45%
50%
50%
50%
50%
1,080 940 780 470 160 47,605
49,165
50,725
52,285
53,840
54,620 & over
Not Eligible
November 10, 2011