CT HB05348

Allows municipalities to establish property value limits through local ordinance to determine eligibility for the property tax relief program under section 12-170aa, based on the assessed value shown on the most recent grand list.

Maintains existing eligibility requirements for the program, including age 65 or older, permanent total disability status, and qualifying income limits of $16,200 for unmarried individuals or $20,000 for married couples.

Specifies that qualifying income excludes Medicaid payments and, for married homeowners where a spouse resides in a health care facility under Medicaid, excludes the institutionalized spouse's Social Security income.

Directs the Secretary of the Office of Policy and Management to adjust income limits annually by October 31st to reflect Social Security inflation adjustments, rounded to the nearest $100.

Applies to assessment years commencing on or after October 1, 2014.