OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-5168
AN ACT CONCERNING PROPERTY TAX EXEMPTIONS FOR
PROPERTY USED FOR CHARITABLE PURPOSES.
Primary Analyst: DD 3/28/22
Contributing Analyst(s):
OFA Fiscal Note
State Impact: None
Municipal Impact:
Municipalities Effect FY 23 $ FY 24 $
Various Municipalities Grand List
Reduction
None Potential
Explanation
The bill expands the types of housing owned by charitable
organizations that are exempt from property taxes. This results in a
grand list reduction in municipalities where these properties are
located. A grand list reduction results in a revenue loss, given a constant
mill rate. In FY 20, the cumulative statewide revenue loss was estimated
to be $1.9 million.
1
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to changes in municipal mill rates and
grand lists.
1
Estimate derived from a 2019 survey of 775 group home properties around the state.