Many Danbury-area veterans don’t sign up for tax exemptions, leave money on the table

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Most Connecticut veterans are eligible under state law for property tax exemptions that can save them hundreds of dollars a year on their tax bills.

But many vets who qualify for the exemption don’t take advantage of it. In New Milford, for example, less than half the town’s nearly 2,000 veterans do so, and the same is true in Danbury, where just 1,540 of nearly 3,300 veterans have applied.

“I don’t know why so many don’t sign up, but they should,” said Jeff McBreairty, American Legion commander in New Milford. “It can save you a lot of money.”

To get the benefit under the state statute, a veteran must have served 90 days in the U.S. armed forces during wartime or served 30 years in total.

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Posted by on December 18, 2016, With 0 Reads, Filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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