Town of Plainville owner-occupied households may be eligible for abatement of property taxes if those taxes exceed 8% of the total annual combined income of all members of the household. The “Ordinance Providing Abatement (deferral) of Residential Property Taxes for Persons of Limited Income” went into effect November 2011. The following criteria must be met to be eligible:
The residential dwelling is occupied by the owner/owners;
The dwelling is the primary place of residence;
Supporting documentation will be provided for all sources of total/gross income from all members residing in the household
An application is submitted to the Town Manager’s Office by May 31 of each year
If eligible, the real estate property tax will be capped at 8% of income with the remaining balance to be payable at a future time at a rate of 5% simple interest.
“This ordinance allows people who cannot currently afford to pay their property tax bill to defer a portion of their payment to a future time while substantially reducing the delinquent interest charge of 18% that is levied on those taxpayers not part of this program” stated Town Manager Robert Lee in a press release.
Residents interested in applying for the abatement may obtain an application from the Town Manager’s Office, Plainville Municipal Center, One Central Square, Plainville, Monday through Wednesday, 8 a.m. to 4 p.m.; Thursday 8 a.m. to 7 p.m.; Friday 8 a.m. to noon. The entire ordinance (ordinance #95) can be viewed online at www.plainvillect.com or in the Town Manager’s Office.