§ 62-35. Allocation of relief among taxpayers.

Latest version.

(a)

Allocation of PPTRA relief shall be provided in accordance with the general provisions of this section, as implemented by the specific provisions of the town's annual budget relating to PPTRA relief.

(b)

Relief shall be allocated in such as manner as to eliminate personal property taxation of each qualifying vehicle with an assessed value of $1,000.00 or less.

(c)

Relief with respect to qualifying vehicles with assessed values of more than $1,000.00 shall be provided at a rate, annually fixed in the town budget and applied to the first $20,000.00 in value of each such qualifying vehicle, that is estimated fully to use all available state PPTRA relief. The rate shall be established annually as a part of the adopted budget for the town.

(Ord. of 12-29-2005)

(Ord. of 12-29-2005)

                    
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