General Assembly Proposed Bill No. 5373
January Session, 2015 LCO No. 342
*00342*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. BELSITO, 53rd Dist.
General Assembly
Proposed Bill No. 5373
January Session, 2015
LCO No. 342
*00342*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. BELSITO, 53rd Dist.
AN ACT CONCERNING THE PROPERTY TAX ASSESSED ON A PRIMARY RESIDENCE OWNED FOR FORTY OR MORE YEARS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to provide that a homeowner who owns the same primary residence for forty consecutive years or more shall be liable for property tax calculated on the basis of the assessed value of the residence on the date the homeowner purchased the residence, plus the assessed value of any subsequent improvements to the property.
Statement of Purpose:
To limit the amount of property tax assessed on a primary residence owned by the same homeowner for forty or more consecutive years.