An Act Concerning The Time In Which Certain Residential Property Owners May Appeal An Assessment.
Impact
The bill modifies existing provisions under Section 12-112 of the general statutes by establishing clearer deadlines for filing appeals related to property assessments. Specifically, it extends the deadline for filing appeals to thirty days prior to the due date of the second property tax installment. This adjustment aims to enhance the fairness of the assessment process by ensuring that affected taxpayers have more opportunities to contest potentially inflated valuations, thereby impacting local tax revenues as well.
Summary
House Bill 5349 addresses the timeframe in which residential property owners may appeal property assessments made by local assessors. It stipulates that homeowners whose property assessments increase by at least twenty percent from the previous year will be allowed additional time to appeal those assessments. This change is intended to give property owners adequate time to respond to potentially significant tax increases resulting from rising property values, which can have substantial financial implications.
Contention
Noteworthy points of contention regarding HB 5349 may arise from differing views on property taxation fairness. Proponents argue that allowing additional time for appeals provides a much-needed safeguard for homeowners facing steep assessments, thus promoting equity in tax burdens. Conversely, opponents may raise concerns regarding potential impacts on local budgets, as extended appeals could delay the collection of property taxes, affecting municipal funding for public services.
Last_action
The bill is referred to the Planning and Development Committee and aims for enactment effective from October 1, 2014, impacting assessment years thereafter.
An Act Concerning Motor Vehicle Assessments For Property Taxation, Innovation Banks, The Interest On Certain Tax Underpayments, The Assessment On Insurers, School Building Projects, The South Central Connecticut Regional Water Authority Charter And Certain State Historic Preservation Officer Procedures.
An Act Concerning The Failure To File For Certain Grand List Exemptions And Authorizing The Deferral Of A Certain Municipality's Real Property Revaluation.