[Adopted 10-18-2007;
amended 2-26-2010; 9-20-2021]
The purpose of this article is to enhance the property tax credit
provided to certain residents age 65 or older or permanently totally
disabled taxpayers in the Town by the State of Connecticut. This article
provides additional Town property tax credit to such taxpayers with
respect to real property owned and occupied by such taxpayers as their
principal residence. The program is enacted pursuant to the option
provided to municipalities under C.G.S. § 12-129n.
To be eligible, a Town resident and taxpayer must meet the eligibility
requirements of C.G.S. § 12-129n, as it may be amended from
time to time. The resident or his/her spouse must have been a taxpayer
of the Town for two years immediately preceding the commencement of
his/her receipt of this tax credit. Property tax credits will only
be given with respect to real property owned and occupied by the taxpayer
as his/her principal residence. Additionally, all taxes relating to
all real property owned by the resident taxpayer or spouse must have
been paid in full for the two years immediately preceding the commencement
of the receipt of property tax benefits during such period.
The maximum income requirements and tax credits are as shown
on the attached chart. For the purposes of this article, income shall
include income or potential income that an applicant is entitled to
receive but chooses to not request, receive or accept, including but
not limited to undistributed income from investment retirement accounts,
trusts, annuities, stocks, bonds, certificates of deposit and other
similar investments. In addition to federal income tax returns or
other evidence of qualifying income required to be provided with the
application, each applicant shall also provide a certification as
to potential income that such applicant is entitled to receive, and
all records or reports related thereto. The provision for determining
potential income shall specifically exclude life insurance. The highest
income limit addressed by this article shall be increased annually
at the same percentage as any increase to the highest income level
of the State of Connecticut Circuit Breaker Program.
|
Property Tax Relief Maximum Income Requirements and Tax Credits
| ||
|---|---|---|
|
Income Limits
|
Married
|
Unmarried
|
|
$11,000 to $14,400
|
$1,375
|
$1,100
|
|
$14,401 to $19,400
|
$1,100
|
$825
|
|
$19,401 to $24,200
|
$825
|
$605
|
|
$24,201 to $28,800
|
$605
|
$495
|
|
$28,801 to $35,300
|
$495
|
$330
|
|
$35,301 to $40,000
|
$330
|
$330
|
|
$40,001 to $60,000
|
$330
|
$275
|
The Tax Assessor shall adopt such rules, regulations and procedures
as deemed necessary or appropriate for the purpose of implementing
and administering the program authorized by this article. All such
rules, regulations and procedures shall be kept on file at the office
of the Tax Assessor.
The program authorized by this article shall first become effective
for taxes due on the Grand List of October 1, 2021.
