LCO No. 572 1 of 2
General Assembly Proposed Bill No. 172
January Session, 2021
LCO No. 572
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
SEN. LOONEY, 11th Dist.
AN ACT ESTABLISHING A STATE -WIDE ASSESSMENT TO
ENCOURAGE AFFORDABLE HOUSING IN THE STATE.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to establish a state-wide 1
assessment on commercial and residential real property, based on the 2
percentage of affordable housing developments, as defined in section 8-3
30g of the general statutes, located in a municipality, provided the first 4
three hundred thousand dollars of the assessed value of a residential 5
property shall be exempt from such assessment. The assessment rate 6
shall be calculated as follows: (1) For municipalities that meet a 7
threshold of at least ten per cent as set forth in section 8-30g of the 8
general statutes, zero mills; (2) for municipalities that meet a threshold 9
as set forth in said section of eight per cent to less than ten per cent, four-10
tenths of one mill; (3) for municipalities that meet a threshold as set forth 11
in said section of six per cent to less than eight per cent, eight-tenths of 12
one mill; (4) for municipalities that meet a threshold as set forth in said 13
section of four per cent to less than six per cent, one and two-tenths mill; 14
(5) for municipalities that meet a threshold as set forth in said section of 15 Proposed Bill No. 172
LCO No. 572 2 of 2
two per cent to less than four per cent, one and six-tenths of one mill; 16
and (6) for municipalities that meet a threshold as set forth in said 17
section of zero per cent to less than two per cent, two mills. 18
Statement of Purpose:
To establish a state-wide assessment on real property to encourage
affordable housing in the state.