Bill > HB05708

This bill aims to provide property tax relief for senior citizens by establishing a property tax freeze for seniors who meet specific income and asset requirements. Under this proposed legislation, eligible seniors would have their property tax rates "frozen" or locked at a certain level, preventing increases in their property tax burden. The state would then compensate municipalities for the revenue they would otherwise lose due to this tax freeze. By implementing this measure, the bill seeks to help seniors on fixed incomes manage their housing costs and remain in their homes, particularly in areas with rising property values and tax rates. The specific income and asset thresholds that seniors must meet to qualify for the tax freeze are not detailed in the provided bill text, but would likely be defined in accompanying regulations or additional sections of the legislation.

Housing and Urban Affairs

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05708&which_year=2025