CT HB05240

Municipalities may provide eligible veterans with an additional property tax exemption beyond the standard exemption under section 12-81, subject to legislative body approval.

Veteran eligibility for the additional exemption requires qualifying income not exceeding either the maximum amount under section 12-81l or a municipality-established amount up to $25,000 more than that maximum.

The additional exemption applies to assessed property value in an amount of at least $50,000.

Changes take effect October 1, 2018, and apply to assessment years commencing on or after that date.