Revises municipal property tax assessment statutes, including changes to exemptions and revaluation processes.
The bill revises statutes concerning municipal property tax assessment in Connecticut. Key changes include modifying the exemption for veterans and their spouses, adjusting the assessment of commercial vehicles, and updating the revaluation process. Municipalities must now provide the Secretary of the Office of Policy and Management with the assessed valuation of tax-exempt real property. The bill also introduces a modified schedule of depreciation for motor vehicles and updates the process for claiming exemptions.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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