Connecticut Senate Bill SB00176

Connecticut 2019 Regular Session

• Introduced: 1/23/19
• Refer: 1/23/19

Caption

An Act Concerning The Property Tax Assessed On Certain Seniors.

Impact

In addition to the property tax freeze, SB00176 also allows seniors who reach the age of 71 to select a motor vehicle exempt from property tax. This provision aims to ease the tax burdens associated with vehicle ownership for seniors, thereby contributing to their financial stability in retirement. By minimizing property tax obligations, the bill is positioned as a means to support the older population, encouraging them to reside in their communities without the fear of escalating tax expenses.

Summary

SB00176, titled 'An Act Concerning the Property Tax Assessed on Certain Seniors', is a proposed legislative measure aimed at providing property tax relief to specific seniors within the state. The bill suggests amending current statutes to implement a freeze on property taxes for individuals who are 67 years or older and have maintained residency in the same municipality for at least 40 consecutive years. This aspect of the bill addresses the financial challenges faced by long-term residents as they age, particularly in relation to rising property taxes.

Contention

Discussions surrounding the bill may bring up potential points of contention, including concerns over the financial implications on local governments that depend on property taxes for funding services. Critics may argue that while the bill benefits seniors, it could lead to budget shortfalls for municipalities, particularly those with a high proportion of senior residents. Supporters, on the other hand, will likely emphasize the importance of recognizing the contributions of long-term residents and the need for policies that ensure their financial security during retirement.