CT HB05394

Changes property tax exemption for non-disabled veterans from a fixed $1,000 amount to 10% of assessed property value, effective October 1, 2014.

Restructures disabled veteran exemptions to use percentage-based rates (15-30% of assessed value) rather than fixed dollar amounts ($1,500-$3,000), with rates varying by disability rating level.

Modifies severely disabled veteran exemption from a fixed $10,000 to 30% of assessed valuation for those with service-connected paraplegia, hemiplegia, total blindness, or multiple limb amputations.

Reduces single-limb loss exemption from $5,000 fixed amount to 15% of assessed valuation.

Allows six-year statute of limitations waiver for erroneous tax collection refunds if both tax collector and assessor jointly determine the error resulted from municipal employee mistake rather than taxpayer action or inaction.