General Assembly Committee Bill No. 5143
January Session, 2011 LCO No. 3675
*03675HB05143PD_*
Referred to Committee on Planning and Development
Introduced by:
(PD)
General Assembly
Committee Bill No. 5143
January Session, 2011
LCO No. 3675
*03675HB05143PD_*
Referred to Committee on Planning and Development
Introduced by:
(PD)
AN ACT CONCERNING THE MUNICIPAL OPTION TO ADOPT ASSESSMENT RATES LIMITING PROPERTY TAX INCREASES ON RESIDENTIAL PROPERTIES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective from passage and applicable to assessment years commencing on or after October 1, 2011) (a) For the purposes of this section:
(1) "Apartment property" means a building containing five or more dwelling units used for human habitation, the parcel of land on which such building is situated, and any accessory buildings or other improvements located on such parcel;
(2) "Base year" means the assessment year immediately preceding the assessment year in which a municipality levies property taxes on the basis of assessments derived from a revaluation implemented pursuant to section 12-62 of the general statutes; and
(3) "Residential property" means a building containing four or fewer dwelling units used for human habitation, the parcel of land on which such building is situated, and any accessory buildings or other improvements located on such parcel.
(b) Notwithstanding any provision of the general statutes or any special act, municipal charter or any home rule ordinance, any municipality in which the provisions of section 12-62n of the general statutes are effective for the assessment year commencing on October 1, 2011, may, by ordinance, adopt the property tax system described in this section.
(c) (1) In any municipality that adopts the property tax system under this section, the assessor shall determine a rate of assessment for residential property for the assessment year in which a revaluation is effective, that will have the effect of increasing the average property tax as a result of revaluation for residential property, by one and one-half per cent over the property tax for said property class in the base year. The assessor shall recalculate the rate of assessment for residential property for each of the nine assessment years following the assessment year in which the provisions of this section become effective, such that the average property tax for the property class composed of residential property increases as a result of said revaluation by one and one-half per cent over the average property tax provided by this section for such property class in each prior assessment year.
(2) In any municipality that adopts the property tax system under this section, the assessor shall assess apartment property at a rate of fifty per cent of present true and actual value, as determined under section 12-63 of the general statutes.
This act shall take effect as follows and shall amend the following sections:
Section 1 from passage and applicable to assessment years commencing on or after October 1, 2011 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
from passage and applicable to assessment years commencing on or after October 1, 2011
New section
Statement of Purpose:
To provide property tax relief to residential property owners in Hartford.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
Co-Sponsors: REP. RITTER M., 1st Dist.; REP. ROBLES, 6th Dist. REP. ROLDAN, 4th Dist.; REP. KIRKLEY-BEY, 5th Dist.
Co-Sponsors:
REP. RITTER M., 1st Dist.; REP. ROBLES, 6th Dist.
REP. ROLDAN, 4th Dist.; REP. KIRKLEY-BEY, 5th Dist.
H.B. 5143