CT HB05478

Municipalities may opt to provide a 10% property tax exemption on primary residences for veterans with federal adjusted gross income of $50,100 or less, effective October 1, 2022.

Veterans claiming the exemption must file an application with the municipal assessor by the assessment date, including a certified military discharge document (or two affidavits) and a copy of their federal income tax return.

After initial approval, veterans are presumed to qualify in the following year and must file biennially thereafter; veterans exceeding the income limit must notify the assessor or repay the improperly taken exemption.

The Secretary of the Office of Policy and Management, in consultation with the Commissioner of Agriculture, shall update property valuation schedules every five years and develop regulations for certifying revaluation companies.

The Secretary and Commissioner of Veterans Affairs must provide annual written notice to municipalities and veterans' organizations of optional property tax exemptions available under state law for veterans and related categories.