Ridgefield Selectmen Agree to Tax Break for Seniors

RIDGEFIELD, CT — The selectmen have agreed to propose to voters that the cap for participation in the town's senior tax deferment be raised from $55,000 to $65,000 annually, the News Times is reporting.

The deferment program allows those who qualify to live in their homes property tax-free until their house is sold. The accumulated back taxes are then paid once the resident has moved out, or by their heirs.

The higher cap has been championed by the OWLS Club senior citizens group. It was one of three recommended courses for senior tax relief, although the group's original proposal set the annual income cap higher, at $75,000.

The next step is the drafting of the proposal into an ordinance, review by town lawyers, a town meeting and vote.

For more, see the News Times.