(A) The total amount of property tax relief that may be had with respect to any property, when combined with any tax relief for which the taxpayer may be eligible in accordance with Conn. Gen. Stat. §§ 12-129b to 12-129d inclusive, or § 12-170aa, shall not exceed in the aggregate 75% of the subject property tax.
(B) The property tax relief shall apply only to the residence itself, its immediate outbuildings and the building lot on which the residence is located up to the amount of the minimum lot size specified for the zoning district in which the lot is located.
(C) The total of all tax relief granted under the provisions of this tax relief program shall, in any fiscal year, not exceed $100,000 of the total real estate property tax assessment in the town in the preceding fiscal year. In the event the total calculated tax relief would exceed the above limitations, the individual abatements shall be reduced on a pro rata basis.
(Ord. passed 2-13-2006)