[Adopted 10-18-2007;
amended 2-26-2010; 9-20-2021]
The purpose of this article is to provide additional exemption
respecting property tax for any veteran entitled to an exemption from
property tax in accordance with C.G.S. § 12-81(19), provided
such veteran's qualifying income does not exceed the applicable
maximum amount as provided under C.G.S. § 12-81l. The exemption
is enacted pursuant to the option provided to municipalities under
C.G.S. § 12-81f.
To be eligible, a veteran and taxpayer must meet the eligibility
requirements of C.G.S. § 12-81f, as it may be amended from
time to time. The veteran and taxpayer must have been a taxpayer of
the Town for two years immediately preceding the commencement of his/her
receipt of this exemption. This exemption will only be given with
respect to real property owned and occupied by the veteran and taxpayer
as his/her principal residence. Additionally, all taxes relating to
all real property owned by the veteran and taxpayer 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 qualified income requirements are the higher of those set
forth in C.G.S. § 12-81l, as it may be from time to time
amended, or in the chart contained hereinbelow titled "Burlington
Veteran's Maximum Annual Income Limit." 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.
|
Maximum Income Limit and Property Tax Exemption Against Assessed
Value
| |
|---|---|
|
Veteran
|
Burlington Veteran's Maximum Annual Income Limit
|
|
Each qualifying veteran
|
$60,000
|
|
Veteran
|
Burlington Veteran's Exemption Against Assessed Value
|
|
Each qualifying veteran
|
$20,000
|
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.
