Local Tax Credits for elderly and totally disabled

2019 Information

The filing period for local tax credits for Elderly and Totally Disabled Homeowners for the 2018 Grand List is From February 1, 2019 through May 15, 2019.

To apply, the applicant must meet age, income limits and own and occupy the home. He or she must have been 65 years of age by December 31, 2018 or be totally and permanently disabled before reaching the age of 65. All income must be documented. The maximum income on the local program for single applicants is $54,000.00 and the maximum for married applicants is $65,850.00.

Applicants must show proof of all income received for the 2018 calendar year by supplying a copy of their Federal Income Tax Return. If you do not need to file a return, bring all year end statements and the 2018 Social Security Benefit Statement (Form SSA-1099).

Totally disabled applicants must submit current written proof of their disability and income. Proof of disability can include Social Security, Federal, State or Local government retirement or disability plan, Railroad Retirement Act, or government-related teacher's retirement plan.

The maximum credit under the Town program is $400. It is also based upon percentage of ownership and years as a resident of Prospect. An applicant that meets all requirements and has resided in Prospect for 1-5 years is eligible for $200; if an applicant meets the requirements and has lived in Prospect for 6 or more years, they would be eligible for the $400.

To file an application for the tax credit, the applicant, a relative or agent must come to the Prospect Assessor's Office before the filing period ends on May 15, 2019.