Only owner-occupied homes will be eligible to receive the Lottery Credit. If you received the lottery credit previously as a owner/occupant, you will be automatically pre-certified UNLESS YOU HAVE CHANGED THE LEGAL DESCRIPTION. If the Lottery Credit does not appear on your tax bill and you qualify, you can fill out a form for a late claim. Your local treasurer can apply the credit to your first installment or full payment before January 31st. After January 31st, you can still apply until October 1st through the Department of Revenue. The forms are available on the Department of Revenue website. Remember, this is for Owner Occupied Residences Only. The 2011 Lottery Credit amount is as follows:
Maximum Base Value Lottery Credit -- $9,000 um Base 1st Dollar -- $6,800
The Lottery rate and base value changes for each tax season. The lottery credit is the equalized school tax rate X a base value determined by the Department of Revenue. The higher school taxes paid, the higher the credit.