![]() When he could not reference the law, he told me to look it up. I was told by Town Attorney, erroneously, as it turns out, that there was a statute prohibiting freezing taxes. ![]() The lowered tax revenue would be offset several fold if the school population was stabilized as a result. At the last Board of Selectman meeting, May 10, 2023, I proposed freezing the property taxes for all seniors, without regard to income, helping to keep seniors in their homes a little while longer. ![]() While helpful, the real problem is the constant upward creep of property taxes, with no end in sight. Smaller abatements are provided for those earning around $80,000. Woodbridge has such a program, providing tax abatements of $1400 for residents over sixty-five, with and income not exceeding $40,300 for a single individual and $49,100 for a couple. The State of Connecticut, in order to help defray this burden, has established a program to allow localities to abate property taxes for seniors meeting certain income thresholds, and for the disabled, without income requirements, with reimbursement to the towns for these abated taxes. That house purchased in 1980 for $150,000 on today’s market will fetch almost $400,000, and valuations, the basis for taxation, have increased accordingly. Hardest hit by these increases are seniors on fixed income. ![]() Because of the desirability of living in Woodbridge, and the relative scarcity of homes for sale, prices have skyrocketed, and coupled with the high mill rate, have driven property taxes ever higher. The Woodbridge town budget was finalized at the May 15 Town Hall, with a mill rate of 45.08, up from 43.77 last year, the seventh highest mill rate in the state. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |