Variations in Receipt of Benefit
No Variation in Receipt of Benefits
Municipalities may provide additional relief as long as the total relief the municipality provides does not exceed 10% the total value of the property in the town for a given year. If the total value of tax relief received by the homeowner under this program and the tax freeze 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
Eligible Property Type
Characteristics of Eligible Property
Residential property that is occupied as the claimant's principal residence is eligible.
Description of Eligibility Criteria
Claimants must be at least 65 years old or permanently and totally disabled. The surviving spouse must be at least 60 years old. To be eligible the taxpayer must have lived in the community for one year immediately preceding the benefits. In addition, municipalities can set their own eligibility criteria and income requirements. Participates in this program may also participate in other relief programs, including the circuit breaker and the tax freeze 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
The state reimburses any tax loss which results from statutorily mandated provisions. There is no state reimbursement for any local option programs adopted.