Putnam Veterans’ Property Tax Exemptions

The assessor’s exemption and credit programs page prints the regular veteran’s exemption at $1,500, applied automatically once the DD-214 is filed with the Town Clerk; the disabled veteran’s exemption, other than a 100 percent P&T rating, at $3,000 to $5,250 depending on the disability percentage, in place of the regular; and, for a veteran rated 100 percent permanently and totally disabled, the dwelling exemption of 12-81(83) - the fractional share of the dwelling, limited to the median assessed value of residential real estate in Putnam, with the annual claim, the March 31 board deadline and the one-year late application set out at length. The additional veteran’s exemption for income-qualified veterans is $4,000 without a disability rating and $7,000 to $11,500 with one, applied for every two years by October 1 at the state’s 2025 income limits of $46,300 single and $56,500 married, the limits for the 2026 grand list. The page says the town “adopted a local-option additional veteran’s exemption via ordinance following the same income requirements as the state,” and that the printed amounts “include the $1,000 exemption provided for in the Town of Putnam ordinance for low-income veterans.” The surviving spouse of a veteran entitled to an exemption remains entitled to it while a resident owner who does not remarry. OLR’s survey recorded Putnam’s local option at $1,000.