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Makes Sure To Take Advantage Of Tax Exemptions

Makes Sure To Take Advantage Of Tax Exemptions


Below is a listing of the various exemptions requiring filings for the Town of Cheshire’s October 1, 2020, Grand List:

 

Veteran’s Exemptions: Veterans who have not filed their original DD214 papers or a certified copy with the Town Clerk must do so before Oct. 1, if they wish to be eligible for the military exemption. The veteran’s exemption for specified periods of service with the armed forces provides a $1,500 reduction in the assessed value of property owned by a qualified veteran.

Disabled veterans should submit their disability rating from the Veterans Administration to the Assessor’s office by Oct. 1. These veterans are eligible for a reduction in the assessed value of their property ranging from $3,500–$5,000 depending upon their degree of disability.

Additional Veteran’s and Local Veteran’s Exemptions: The additional veteran’s and local veteran’s exemptions are available to qualified veterans who meet certain income requirements. These two programs provide an increase in assessment reduction beyond the standard veteran exemption. The deadline for filing applications is Oct. 1.

Applicants must meet an income requirement of not more than $45,100 if married and $37,000 if single to qualify for the State of Connecticut Additional Veteran’s Program. The Town income limits for the Town of Cheshire Local Option Additional Veterans Exemption is $54,800 for single persons and $61,500 for married couples. Income includes adjusted gross income plus any other income, including Social Security benefits. Income is based upon the 2019 calendar year.

Federal Income Tax returns and/or proof of all income must be presented to the Assessor. Please remember that proof of all income, including Social Security benefits (Form SSA-1099) for the 2019 calendar year must be submitted by Oct. 1, or the application cannot be processed.

Exemption for the Blind: Taxpayers who are blind must file certification of legal blindness with the Assessor by Jan. 1, 2021. Such exemption reduces the assessed value of the property owner by $3,000.

Qualified blind applicants may also be eligible for an additional $2,000 exemption. Applicants must meet an income requirement of not more than $45,100 if married or $37,000 if single. This application must be made on or before Oct. 1.

Exemptions are also available for motor vehicles of active servicemen, specifically equipped vehicles adapted for use by disabled veterans, and ambulance-type motor vehicles used to transport medically incapacitated individuals.

For more information on these exemptions or any of the previously described exemptions, contact the Assessor’s Office at (203) 271-6620.

Farm Building Tax Exemption: On Aug. 9, 2005, the Town Council adopted a farm building tax exemption ordinance (Section 17-13) which became effective starting with the Oct. 1, 2005, Grand List. This ordinance provides for up to a $100,000 assessment exemption for any building actually and exclusively used in farming. In order to qualify for this exemption, there are two notarized annual applications that must be filed for each building with the Assessor’s Office no later than Nov. 1.

Please contact the Assessor Office for all qualification details.


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