Does the Town of Newtown offer a Local Option Veteran's Exemption Program?

The Town of Newtown does offer a Local Option Veteran's Program. In order to apply for this program veterans must file or have filed their DD214 with the town clerk before October 1st for the next calendar year. The filing period for this program is February 1st through September 30th. The Local Option Veteran's Program is based on income levels of $41,200 for a single individual and $45,000 for married individuals. Income qualifications are established from an individual’s federal tax return and the SSA-1099 Social Security income report and/or all reportable income forms if a tax return is not required for the individual. Qualified applicants will receive a $10,000 assessment reduction from their real estate assessment or a 10% real estate assessment reduction (whichever is greater) before taxes are calculated for the July tax bill. A public notice for this Local Option Veteran's Program will appear in the local newspapers during the fall of each calendar year. Please call the Assessor's office with any questions.