Stonington approves farm exemptions

Stonington -- Residents at Thursday’s town meeting approved an ordinance that will exempt up to $100,000 each of farm equipment and non-residential farm buildings from taxes.

The ordinance is taken from a state law that allows municipal governments to exempt farm equipment from property taxes on assessments of up to $100,000 and individual non-residential farm buildings to the extent of their assessed value to a maximum of $100,000.

This means that if a farm building is worth $200,000, the owner would pay taxes on only $100,000 after applying for and receiving the $100,000 exemption. The same would hold true for equipment.

Tax Assessor Marsha Standish has said farmers already can apply for exemptions on equipment assessed at up to $100,000. The proposed ordinance would add another $100,000 exemption on equipment for a total of $200,000 on equipment.

First Selectman Rob Simmons announced a the town meeting that he would not participate in the vote as his family owns Stone Acres farm on North Main Street.

Residents also approved a proposal to rename the revitalized Permanent Committee to Study the Needs and Use of Town Public Buildings to the Stonington Facilities Committee, a reduction of nine words.

 

 

 

READER COMMENTS

Loading comments...
Hide Comments

Stories that may interest you

Friends and Neighbors: ELHS freshman tops in regional gymnastics event

East Lyme High School freshman Madeline Fraser competed April 13-14 at the Level 8 Regional Gymnastics Championships in Springfield, Mass., placing first all-around in her age group, scoring a 38.225.


Re-anchoring the square

Workers from Mystic Shipyard re-install the restored anchor at Liberty Pole Square in Mystic Wednesday.


Turning 'darkness into light': Students share Holocaust survivors' stories

Area students shared Holocaust survivors' stories in a ceremony at Waterford High School on Wednesday as part of the Jewish Federation of Eastern Connecticut's Encountering Survivors program.


Groton voter registration session to be held April 29

The Groton registrars will hold a voter registration session from 5 to 7 p.m. Monday, April 29, at the Groton Human Services Building, 2 Fort Hill Road.

TRENDING

PODCASTS