Commercial Trucks

How it works

The Town of Putnam lists a Commercial Trucks tax incentive on its Tax Incentives page. It is a 5-year property tax exemption for certain commercial vehicles that meet the town's criteria.

What the money covers

This is a property tax exemption, not a repair grant. The page applies it to eligible commercial trucks rather than to home improvements.

Qualifying vehicle types

The page lists two types:

• New commercial vehicles that transport freight for hire, have a GVWR in excess of 26,000 lbs., and are used exclusively for the interstate or intrastate transportation of freight for hire.
• New commercial vehicles with GVWR in excess of 55,000 lbs.

How to apply

• An application is required to receive the exemption.
• Supporting documentation is required.
• Filing is with the Assessor's Office.

Timing and deadlines

• The exemption term is 5 years.
• The page does not state an application deadline or opening date.