Milford panel OKs more senior tax relief
Milford Bureau Chief
MILFORD — The Senior Tax Relief Committee Monday night approved an expanded tax relief plan, which would increase by 50 percent the number of seniors eligible, while adding another $300,000 in tax savings, members said.
The city now offers a $600 property tax break for single or disabled seniors with gross income of $29,800 or less, or married couples earning $36,500 or less. A total of 990 seniors participate in the senior property tax program costing the city $557,000.
The committee voted unanimously to increase the income guidelines for singles and married couples by $10,000 each. So if the Board of Aldermen adopts the recommendation, any single or disabled senior earning $39,800, or married couple earning $46,500 or less, will be eligible for a $600 property tax break.
Alderman Philip Vetro, D-4, said the Ordinance Committee would expedite the process for review and schedule a special meeting to discuss the senior tax proposal.
Committee Chairman George Amato said he was informed by the assessor’s office that increasing the income guidelines by $10,000 would allow 50 percent more seniors to qualify for the tax relief, and it would cost about an additional $300,000.
Altogether, the city would be projected to provide about 1,350 seniors almost $900,000 in tax relief.
Amato said there was talk of increasing the $600 property tax break that eligible seniors receive, but then the tax relief could soar well beyond $1 million.
“You’re in a period of where everyone is looking to cut,” Amato said. “This will be a very difficult budget year.”
In a letter signed by all members of the Senior Tax Relief Committee to aldermanic Chairman Ben Blake, D-5, the members requested he reappoint another committee after the approval of next year’s budget in May. Also, the members ask that the issue of age and residency requirements be debated.
Amato said because people are working longer, the eligibility age for senior tax relief may be pushed from 65 to 70. Also, he said someone is eligible for senior tax relief after residing just one year in Milford, and it might be prudent to amend that to five years.
Amato said Blake and Mayor James L. Richetelli Jr. have expressed a desire to implement additional senior tax relief in the short-term.
Joseph Prisco, a senior tax relief advocate, said this was the “best plan thus far,” and he is all for increasing the age and residency requirements.
“They raised the income guidelines and that’s a start,” Prisco said.
Committee member Kerri Rowland said that it was the “major consideration of this committee to balance the needs of all taxpayers with the needs of some of the most vulnerable seniors.”
Labels: Government, taxes