Tax Stabilization (Deferral) for Elderly Homeowners

Tax Stabilization (Deferral) for Elderly Homeowners (Pursuant to C.G.S. 12-170v)
To apply for the Tax Stabilization Program, the following requirements must be met: 

  • Own the property or hold a tenancy for life or for a term of years, which makes the applicant liable for payment of taxes (CGS Sec. 12-48). The property must be the applicant’s primary residence (domicile).
  • You must be a resident of Southington for at least 1 year and be at least 70 years old as of December 31st prior to the first year you apply. If married, your spouse must be at least 62 years old. If you are a surviving spouse of a taxpayer who qualified for tax stabilization and at least 62 years old by December 31st, you will be eligible to apply for continued tax relief.    
  •  Your 2023 income cannot exceed $60,400 if you’re married, or $50,800 if you’re unmarried. 
  •  You must apply between February 1st and May 15th.
  •  Approved applicants must reapply every other year.
  • You must provide the Assessor with a copy of your SSA1099 for 2023, or its equivalent, from Social Security and your 2023 federal income tax return if you file one.  The Assessor may require any other proof of income that may be necessary  for the certification of the claim, such as interest/dividend statements and pension statements.

Your tax payment will be calculated as follows:

  • Stabilized Tax- Your tax will be "frozen" or set at the amount you paid on the Grand List preceding the application period and remain set at that amount until you no longer elect or are eligible to participate in the program.
  • Deferred Tax - The deferred tax is the amount of taxes paid versus the amount that would have been owed. This will be determined by the tax collector each year. The deferred amount shall be liened against the property each year.
  • Interest - Interest at a rate of 5% will be charged as simple interest each year (not compounded) on the total deferred amount of tax due each year and shall be paid to the Town upon the applicant's termination from the program.
Tax Relief for Elderly Homeowners (Pursuant to C.G.S. 12-129n)
To apply for the Tax Relief program, the following requirements must be met:

  • Own the property or hold a tenancy for life or for a term of years, which makes the applicant liable for payment of taxes (CGS Sec. 12-48). The property must be the applicant’s primary residence (domicile).
  • You must be a resident of Southington for at least 1 year and be at least 65 years old as of December 31st OR permanently, totally, disabled prior to the first year you apply. If married, your spouse must be at least 62 years old. If you are a surviving spouse of a taxpayer who qualified for tax stabilization and at least 62 years old by December 31st, you will be eligible to apply for continued tax relief.    
  • You must reside in Southington for at least 6 months plus 1 day of each year.
  •  Your 2023 income cannot exceed $60,400 if you’re married, or $50,800 if you’re unmarried. 
  • You shall not owe delinquent taxes except for those that result from participating in tax relief programs.
  •  You must apply between February 1st and May 15th.
  •  Approved applicants must reapply every other year.
  • You must provide the Assessor with a copy of your SSA1099 for 2023, or its equivalent, from Social Security and your 2023 federal income tax return if you file one.  The Assessor may require any other proof of income that may be necessary  for the certification of the claim, such as interest/dividend statements and pension statements.
Your tax payment will be calculated as follows:
  • You will receive a $250 tax credit per qualifying household.
  • Program cap is $250,000 town wide.
  • A lien will be placed on the property for $250 each year you qualify.
  • Zero % interest on liened amount.