Property Tax Credit
To qualify for the property tax credit, you, or your spouse if married filing jointly, must be 65 years of age or older by the end of the taxable year, or you must have claimed at least one dependent on your federal income tax return. Connecticut residents must complete Schedule 3 to determine the amount of credit (if any) that may be taken against a Connecticut income tax liability. The credit is for property taxes paid during 2018 to a Connecticut political subdivision on a primary residence, privately owned or leased motor vehicle, or both. You must attach Schedule 3 to Form CT-1040 or your credit will be disallowed. If you entered zero on Form CT-1040, Line 10, do not complete this schedule. See InformationalPublication 2017(23), Q&A: Income Tax Credit for Property Taxes Paid to a Connecticut Political Subdivision.
Which Property Tax Bills Qualify
You may take credit against your 2018 Connecticut income tax liability for qualifying property tax payments you made on your primary residence, privately owned or leased motor vehicle, or both, to a Connecticut political subdivision. Generally, property tax bills due and paid during 2018 qualify for this credit. This includes any installment payments you made during 2018 that were due in 2018 and any installments you prepaid during 2018 due in 2019. Supplemental property tax bills that were due during 2018 or 2019 also qualify if paid during 2018. However, the late payment of any property tax bills or the payment of any interest, fees, or charges related to the property tax bill do not qualify for the credit.
Taxpayers who file a joint Connecticut income tax return may include property tax bills for which each spouse is individually or jointly liable.
You may take credit for a leased motor vehicle if you had a written lease agreement for a term of more than one year, and the property tax became due and was paid during 2018 (either by the leasing company or by you). Refer to your January 2019 billing statement from the leasing company to determine the amount of property taxes that may be eligible for the credit. Your statement will either indicate the amount of property taxes paid on your leased motor vehicle or provide you with a toll-free number you may call to obtain the necessary information. If you do not receive a billing statement in January 2019, contact your leasing company for the appropriate property tax information.