Variations in Receipt of Benefit
No Variation in Receipt of Benefits
At local option, municipalities may permanently freeze property taxes of eligible homeowners at the level due in the preceding years. This level can be lowered if the town decides on a lower general tax levy. At the option of the local government the unpaid taxes as a result of the freeze may establish a lien on the property. If the total value of tax relief received by the homeowner under this program and the tax relief and circuit breaker programs is more than 75% of the taxes owed, the municipality is required to place a lien on the property for the amount of relief that is in excess of 75%.
How is Benefit Disbursed
Credit to the property tax bill
Eligible Property Type
Characteristics of Eligible Property
Residential property that is the owner's residence is eligible.
Description of Eligibility Criteria
Elderly homeowners aged 70 or older, who have lived in the state for at least 1 year, and meet the income limits for the Circuit Breaker which for tax year 2016 is $35,200,or single, $42,900 married filing jointly or qualifying widow. The surviving spouse must be at least 62 when the homeowner dies. The town may also impose an asset limit. After first year, applications must be submitted biennially. Participates in this program may also participate in other relief programs, including the circuit breaker and the tax relief program.
Local Option in Adoption of Program
Local government must take action to opt in
Local Option Regarding Program Features
Local option regarding program features
State Funding for Local Tax Loss
Local government covers all of its tax loss
Description of State Funding for Tax Loss
There is no state reimbursement for this program.
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