OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-7001
AN ACT CONCERNING THE DETERMINATION OF FAIR MARKET
VALUE OF RETAIL SALES FACILITIES FOR PURPOSES OF
PROPERTY TAXATION.
Primary Analyst: LG 3/28/25
Contributing Analyst(s):
Reviewer: RW
OFA Fiscal Note
State Impact: None
Municipal Impact:
Municipalities Effect FY 26 $ FY 27 $
Various Municipalities Grand List
Increase/Decrease
None See Below
Explanation
The bill specifies a method assessors must use to determine retail
sales facilities market value. This may result in a grand list increase or
decrease beginning in FY 27. Any grand list impact is dependent on how
the facilities would have otherwise been valued.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation.