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We recently reinstituted a Town Council Finance and Audit Committee, which is studying the Homestead Act to understand its full potential impact on homeowners and commercial entities.
In light of the significant increase in residential property values resulting from the State-Mandated Revaluation, the Limited Homestead Property Tax Exemption as authorized under Connecticut General Statute §12-81oo is intended to help reduce the tax burden on property owners who call Stratford their primary home and qualify.
Tomorrow, Tuesday, August 4, at 6:00 p.m., we encourage the community to tune in to the Town Council Finance and Audit Committee's Special Public Meeting on the Limited Homestead Property Tax Exemption for an update. You can watch it live on Zoom here or the next day on the Town’s YouTube page here.
As part of this analysis on the Limited Homestead Property Tax Exemption, the Town must perform detailed due diligence to determine which properties may qualify as owner-occupied primary residences. To support this process, Town Council has formally authorized the Tax Assessor’s Office to distribute attestation forms to residential property owners by mail.
Providing this information does not guarantee eligibility for an exemption; rather, it will allow the Town to verify and evaluate potential eligibility should the Town Council adopt this exemption. After completing the form, homeowners will be notified whether their property is eligible based on the factors listed below.
Eligibility factors and exemption details being considered include the following:
- The exemption would apply only to owner-occupied dwellings that serve as the owner’s primary residence.
- Exemption amounts may be up to 35% of a dwelling’s assessment.
- Certain forms of ownership such as LLCs, partnerships, or other corporate entities are not eligible.
- Trust-owned properties may be eligible if specific conditions are met and proper documentation is provided.
- The exemption, if approved, would be effective for the Grand List of October 1, 2026, through the next Town-wide revaluation.
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