(A) The town shall provide tax abatement to qualified applicants on a graduated basis in accordance with the following income and abatement guidelines as amended yearly by the State Office of Policy and Management Qualifying Income Program:
Married Homeowners | |||
Qualifying Income | Property Tax Cut | Minimum Tax Cut | Maximum Tax Cut
|
Married Homeowners | |||
Qualifying Income | Property Tax Cut | Minimum Tax Cut | Maximum Tax Cut
|
$0.00—13,800 | 50% | $400 | $1,250 |
$13,801—18,600 | 40% | $350 | $1,000 |
$18,601—23,200 | 30% | $250 | $750 |
$23,201—27,700 | 20% | $150 | $500 |
$27,701—33,900 | 10% | $150 | $250 |
$33,901—36,900 | $150 | $200 | |
Unmarried Homeowners | |||
Qualifying Income | Property Tax Cut | Minimum Tax Cut | Maximum Tax Cut |
$0.00—13,800 | 40% | $350 | $1,000 |
$13,801—18,600 | 30% | $250 | $750 |
$18,601—23,200 | 20% | $150 | $500 |
$23,201—27,700 | 10% | $150 | $250 |
$27,701—36,900 | $150 | $200 | |
(B) The property tax abatements provided by this subchapter shall be in addition to those benefits available to qualified taxpayers under Conn. Gen. Stat. §§ 12-129b to 12-129d inclusive, and § 12-170aa, provided, that the town and state benefits in any one year shall not exceed 75% of the real property tax, as determined by the Assessor within the applicable tax year, which would have been imposed on a qualified taxpayer in the absence of a state statute and this tax relief program.
(Ord. passed 2-13-2006)