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Allow a beneficiary twelve calendar days to provide evidence. If at the end of the twelve calendar days, evidence has not been provided, send a timely notice proposing termination. 5. Proceed with denial of application or termination using the DMV/tax/CMV if a/b: a. Fails or refuses to provide rebuttal evidence by deadline; or b. Fails to respond at all to notification of assigned value; or c. Agrees with the assigned value. 6. Document in the eligibility record: a. Date and how the a/b was contacted about value of the personal property; and b. A/B’s response and the date he responded. If no response, indicate this also. 7. File a copy of the appraisal/verification of rebutted value from the dealer in the case record. 8. When the tax/CMV of personal property has been successfully rebutted, do not re-verify the rebuttal value at redetermination unless the DMV/tax/CMV has increased, or there is some indication of a change in the value of the property. IX. INCOME PRODUCING REAL/PERSONAL PROPERTY The 6% test is used to determine if up to $6,000 in equity of real or personal property (usually rental property), which cannot otherwise be excluded (e.g. a home site to which the a/b intends to return, business property, property of an incompetent person with no power of attorney or guardian, etc.) is excluded from countable resources because it is “income producing.” To exclude $6,000 equity, the property must produce a net annual income of at least 6% of its equity after all expenses related to producing income are deducted. The 6% net annual income requirement is waived when property that has formerly produced income is anticipated to resume to do so within 12 months. (See VII.A.4.d., VIII.A.4.d., and IX.H.2.) A. Overview of Steps for a Single Piece of Income Producing Property Use these steps and the DMA-5158, Income Producing Property Guide, to determine if $6,000 equity in real/personal property can be excluded as income producing property. The steps are explained in greater detail in C. - G. below. 53