A tax relief program for elderly and totally disabled persons who meet certain income requirements as approved by the Office of Policy and Management.

Income limits for the 2015 calendar year cannot exceed $35,200.00 for single individual or $42,900.00 for married couples. Please keep in mind that this amount includes social security received for the 2015 calendar year. A complete copy of the 2015 IRS return must be submitted at time of application with a copy of the social security 1099. If no IRS return is filed then all 1099 formsfor the year must be presented. Anyone filing under totally disabled must submit proof of disability, ie: Ân original award letter from Social Security and or a current status report from Social Security and any other income.

Filing: February 1 through May 15

New: Elderly and Totally Disabled Homeowners Tax Credit

In addition to the State homeowners tax credit, the Town of East Lyme passed an ordinance on November 2, 2005 providing additional tax relief for elderly and totally disabled homeowners. Applicants must be a resident of East Lyme, 65 years of age or over, or under age 65 and totally disabled

  • Applicant must have been taxpayer of the Town of East Lyme for 10 years immediately preceding their receipt of Town tax credit
  • Payment of property taxes must be current as of date of application
  • Property for which tax credit is claimed must be occupied by applicant as his or her principal residence (more than 183 days each year)
  • Income requirements are applicable which are the same as those approved by the Office of Policy and Management
  • Proof of income and disability are required
  • Income limits are adjusted annually
  • Tax credit will range from $300.00 – $1,000.00 off the tax bill depending on applicants income
  • Maximum 2015 income is $42,900.00 regardless of martial status

Filing: February 1 through May 15

New: Elderly and Totally Disabled Homeowners Tax Deferral

Town of East Lyme passed an ordinance on November 2, 2005 providing deferment of taxes for real property owned and occupied for qualified elderly and totally disabled homeowners.

  • 65 years of age or over, or under age 65 and totally disabled;
  • Applicant must have been taxpayer of the Town of East Lyme for 10 years immediately preceding their receipt of Town tax credit;
  • Payment of property taxes must be current as of date of application;
  • Property for which tax credit is claimed must be occupied by applicant as his or her principal residence (more than 183 days each year).
  • Income requirements are applicable which are the same as those approved by the Office of Policy and Management.
  • Proof of income is required
  • Income requirements are adjusted annually
  • Deferment amount shall not be greater than 75% of tax due each year
  • Deferred taxes and interest shall be reimbursed to the town upon the conveyance or transfer of property, or upon the death of the recipient of any tax deferral
  • All deferred taxes shall bear interest at a rate of 6% per year; simple interest, not compounded, and shall accrue from the due date of each installment until the date of reimbursement to the Town
  • Total tax deferments, including accrued interest, for all years shall not exceed the assessed value of the real property upon which deferment has been approved>
  • Applicant shall enter into a written agreement with the Town providing for reimbursement of all deferred taxes and interest
  • Principal amount of such tax deferral shall be recorded in the land records of the Town and, together wit the interest thereon, shall constitute a lien on the property
  • Maximum 2015 income: single-$35,200.00 married-$42,900.00

ELDERLY FREEZE TAX PROGRAM

A continuation of tax relief under the Freeze Program for those persons who filed approved applications on or before May 15, 1980 and continue to meet set income level. The Elderly Freeze program is NOT available to new applicants.

Filing: February 1 through May 15