Laserfiche WebLink
Liquid Assets and real estate are less than $3000, excluding the house of primary <br />residence. <br />Own and reside in the property full-time for the property where fee reduction is <br />requested. <br />Service name on the account must be either the applicant or that of his/her spouse. <br />How do you apply? <br />Customers who wish to apply for fee reduction must complete an application and <br />return to the Department of Finance <br />Income assessed on all adults in the household to determine eligibility. The <br />Applicant may be audited to determine the number of persons living in the <br />household. <br />Falsifying information or failure to notify a change in eligibility status may lead <br />to reinstatement of all past due delinquencies, including interest; and civil or <br />criminal action. <br />What supporting documentation will be required? <br />Proof of all income sources for all persons living in your home. At a minimum it <br />must include the applicant’s most recent tax return, copies of their primary bank <br />(checking/savings) statements for the past three months, a copy of the SSA-1099 <br />form from Social Security and pension statements. <br />Proof of the amount of any liquid assets or real estate, excluding house of <br />residence. <br />Low Income Assistance Application. <br />Other forms of income proof includes <br />: Interest, Wages, IRA Withdrawals, <br />Gambling winnings, Rents, Annuities, Insurance Contracts, Unemployment <br />Compensation, Gain from Sale of Property, Alimony, Child Support. If no income of <br />any kind, all bank statements for prior year. <br />Types of Liquid Assets: <br />Checking account, Savings/Credit Union, Certificates of <br />Deposit, Annuities, stocks/bonds/mutual funds, Money Market funds, <br />IRA/Keough/deferred compensation, all real estate other than primary residence. <br />Income not included <br />: Social Security Disability until age 65, Medicare, Veterans <br />disability benefits, Workers Compensation, Life Insurance due to death, Railroad <br />Retirement benefits in adjusted gross income. <br />What happens if house is sold or passed down upon death of the record owner? <br />The record owner (in the case of a sale) or recipient of the house upon the death <br />of the record owner must notify the Department of Finance if a change in the <br />record ownership occurs. <br /> <br />