DO YOU HAVE AN ELDERLY OR TOTALLY DISABLED NEIGHBOR OR FAMILY MEMBER WHO OWNS PROPERTY IN THE TOWN OF PROSPECT? ENCOURAGE THEM TO CONTACT THE ASSESSOR’S OFFICE TO SEE ABOUT QUALIFYING FOR THE ELDERLY AND TOTALLY DISABLED TAX CREDIT.
FOR NEW APPLICANTS: The filing period for tax credits for Elderly and Totally Disabled Homeowners for the 2025 Grand List is from February 1, 2026, through May 15, 2026.
To apply, the applicant must meet age, income limits ($46,300.00 FOR SINGLE & $56,500 FOR MARRIED), and own and occupy the home. He or she must have been 65 years of age by December 31, 2025, or be totally and permanently disabled before reaching the age of 65. All income must be documented. The maximum income for the local program for single applicants is $69,450.00, and for married applicants is $84,750.00.
Applicants must show proof of all income received for the 2025 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 2025 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 the percentage of ownership and years as a resident of Prospect. An applicant who 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 $400.
To apply for the tax credit, the applicant, a relative, or an agent must come to the Prospect Assessor’s Office before the filing period ends on May 15, 2026.
Please call the Prospect Assessor’s Office at 203-758-4461 for an appointment, or visit the Assessor’s Office during normal business hours of 8:30 am to 4:00 pm.
Applications can be found on the Town website under the Assessor’s Department page.
