[Adopted 1-17-2007 by Ord. No. 228; amended in its entirety 8-13-2014]
The purpose of this program is to enhance the property tax credit
provided to certain senior and permanently totally disabled taxpayers
in the Town by the State of Connecticut by providing an 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 § 12-129n of the General Statutes.
To be eligible for the tax credit a Town resident and taxpayer
must meet the eligibility requirements of § 12-129n of the
General Statutes. The resident or his/her spouse must have been a
taxpayer of the Town for one year immediately preceding his/her receipt
of property tax benefits. Property tax credits will only be given
with respect to real property owned and occupied by the taxpayer as
his/her principal residence. All taxes relating to the real property
for which the property tax credit is applied for must be current prior
to application for the tax credit.
The maximum income requirements and tax credits effective as
of the October 1, 2014, Grand List are as shown on the attached chart.
Any subsequent changes to the income requirements as provided in this
section shall be reflected in a revised chart(s) to be prepared and
maintained by the Town Assessor. The income limits are the same as
the limits utilized by the State of Connecticut in the state elderly/disabled
tax relief program except for the addition of a top tier which expands
the income level from the state cap of $46,600 to $48,000. Income
limits shall be changed after the effective date hereof in the same
manner and amount as the state program, with the local income cap
being changed in the same percentage as the change that occurs with
respect to the highest state income cap. For example if the highest
state income cap increases 5%, then the top local income cap shall
also increase 5%. For the purposes of this article, income shall include
income or potential income that an applicant is entitled to receive
but chooses not to 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,
the 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.
|
Property Tax Relief Maximum Income Requirements and Tax
Credits
| |
|---|---|
|
Income — Single or Married
|
Canton Tax Credit
|
|
$0 to $ $17,000
|
$2,500
|
|
$17,001 to $22,900
|
$2,000
|
|
$22,901 to $28,600
|
$1,600
|
|
$28,601 to $34,100
|
$800
|
|
$34,101 to $41,600
|
$600
|
|
$41,601 to $48,000
|
$500
|
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, 2008. Any amendment
to this article shall become effective for taxes due on the Grand
List next following the adoption of any such amendment.
The Board of Selectmen shall review this article biennially
in even years and shall approve changes, if any, prior to August 31.
Any changes to the article shall be approved in the manner specified
in the Town Charter.
