General Assembly Raised Bill No. 898
January Session, 2011 LCO No. 2904
*02904_______PD_*
Referred to Committee on Planning and Development
Introduced by:
(PD)
General Assembly
Raised Bill No. 898
January Session, 2011
LCO No. 2904
*02904_______PD_*
Referred to Committee on Planning and Development
Introduced by:
(PD)
AN ACT CONCERNING PROPERTY TAX RELIEF FOR LOW AND MODERATE-INCOME HOMEOWNERS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Subsection (b) of section 12-62a of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2011):
(b) (1) Each such municipality shall assess all property for purposes of the local property tax at a uniform rate of seventy per cent of present true and actual value, as determined under section 12-63.
(2) Notwithstanding subdivision (1) of this section, any municipality may, by vote of its legislative body or, in a municipality where the legislative body is a town meeting, by vote of the board of selectmen, assess any residential property owned by low and moderate-income households, including, but not limited to, a single family unit in a common interest community, at less than seventy per cent of the present true and actual value, as determined under section 12-63. For purposes of this subdivision, (1) "low income" means persons and families having an aggregate family income equal to or over twenty-six per cent but less than fifty per cent of the area median income, as determined by the United States Department of Housing and Urban Development; and (2) "moderate income" means persons and families having an aggregate family income equal to or over fifty per cent but less than eighty per cent of the area median income, as determined by the United States Department of Housing and Urban Development.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2011 12-62a(b)
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2011
12-62a(b)
Statement of Purpose:
To authorize municipalities to provide property tax relief to low and moderate-income homeowners.
[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.]