CT HB07004

Lowers the minimum age requirement for elderly property tax relief from 70 years old to 65 years old, effective October 1, 2017.

Allows municipalities to provide property tax relief to homeowners aged 65 and over, spouses of such homeowners, and surviving spouses aged 62 and over who meet all other eligibility requirements.

Maintains existing income limits, residency requirements (at least one year in Connecticut), and homeowner occupation requirements for tax relief qualification.

Permits municipalities to impose asset limits as an additional condition of eligibility for the tax relief program.

After initial approval, property tax relief applicants must reapply biennially to maintain their reduced tax status.