Connecticut House Bill HB05474

Connecticut 2011 Regular Session

• Introduced: 1/19/11
• Refer: 1/19/11

Caption

An Act Delaying Revaluation In The Town Of Farmington.

Impact

If enacted, this bill would have a significant impact on local governance in the town of Farmington. By providing the authority to approve a delay in revaluation, the town can better manage its budget and tax policies in response to financial conditions or other local factors. This could help in maintaining stability in property taxes and allow residents to have more predictable financial planning regarding their tax burdens. Furthermore, it creates a precedent for future legislative actions in other towns that may seek similar relief.

Summary

House Bill 05474 proposes to amend section 12-62 of the general statutes, thereby allowing the town of Farmington to delay its revaluation process for up to five years. Introduced by Representative Wadsworth, the bill seeks to address the specific needs of Farmington regarding the timing of property tax assessments. The intent is for local authorities to have the flexibility to postpone revaluation based on local circumstances rather than being bound by state regulations that dictate a rigid timeline for such assessments.

Contention

There may be concerns surrounding this bill pertaining to property tax equity and fairness. Critics could argue that delaying revaluation could result in inequities in tax assessments among residents, leading to advantages for some property owners while others may be adversely affected. Lawmakers and stakeholders might debate the potential long-term implications on budget revenues and whether the delay would ultimately benefit or hinder the town's fiscal health. Additionally, this could spark discussions on the broader implications of allowing local governments to have more control over tax assessment timelines.