PUTTING HOME IN TRUST WON’T VOID ELDERLY PROPERTY TAX RELIEF

November 3, 2014

C.G.S. Section 12-129n permits municipalities to provide property tax relief for elderly or totally disabled homeowners who meet income criteria established by the municipality.  Effective 10/1/14, Public Act 14-124 permits people who qualify for property tax relief based on income or disability to transfer their home to a trust and continue to qualify for property tax relief.  For a copy of the Public Act, click here.