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WHAT IS A TAX DEFERRAL PROGRAM?

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WHAT IS A TAX DEFERRAL PROGRAM?

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A TAX DEFERRAL PROGRAM ALLOWS QUALIFIED TAXPAYERS TO POSTPONE THE PAYMENT OF A SPECIFIED AMOUNT OF THEIR LOCAL PROPERTY TAXES FOR ANY GIVEN TAX YEAR. WHEN DOES NORWALK’S PROGRAM BECOME EFFECTIVE? AT ITS APRIL 9, 2002, MEETING, THE NORWALK COMMON COUNCIL APPROVED ORDINANCE #103-16, ENACTING A TAX DEFERRAL PROGRAM FOR THE OCTOBER 1, 2001 ASSESSMENT YEAR. THAT MEANS IT WILL BE EFFECTIVE FOR THE JULY 1, 2002 TAX BILL. TAXPAYER ELIGIBILITY WHO IS ELIGIBLE FOR THE TAX DEFERRAL PROGRAM? A RESIDENT TAXPAYER, OR THEIR SPOUSE, WHO HAS ATTAINED THE AGE OF 65 OR OVER AT THE CLOSE OF THE PRECEDING CALENDAR YEAR; OR A SURVIVING SPOUSE WHO IS 60 OR OVER WHOSE SPOUSE QUALIFIED UNDER THIS PROGRAM AT THE TIME OF THEIR DEATH; OR A RESIDENT TAXPAYER WHO IS ELIGIBLE TO RECEIVE PERMANENT TOTAL DISABILITY BENEFITS UNDER SOCIAL SECURITY OR OTHER QUALIFIED GOVERNMENT DISABILITY PLAN AND IS CURRENTLY RECEIVING A DISABILITY EXEMPTION IN NORWALK. HOW LONG MUST THE APPLICANT HAVE BEEN A NORWALK TAXPAYER TO QUALIFY

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