Annexations Affecting Disparity Reduction Aid (DRA) - Form PT01
Due to the Department of Revenue by July 20
Counties must complete Form PT01, Annexations Affecting DRA, to report annexations within their borders that result in property changing from one unique taxing area (UTA) to another.
You must email a completed Form PT01 to the Department of Revenue by July 20, 2018, if the following conditions apply to an annexation:
The original unique taxing area of the annexed property is certified to receive DRA
The effective date of the annexation is between July 1, 2017, and June 30, 2018
The annexed portion of the unique taxing area comprised 5 percent or more of the taxable net tax capacity of the entire unique taxing area before the annexation
When completing Form PT01, please note the following:
In some cases, the annexed area may have a different tax rate than the city or town annexing it – that is, the annexed area becomes a new UTA of its own. If that happens, use that area’s new subcode in Column 11 of the form. Otherwise, use the same subcode as the annexing UTA.
The reporting period for annexations ends June 30 for completing Form PT01 and calculating DRA. However, for property tax calculations, the cutoff date remains August 1.