LCO No. 129 1 of 2
General Assembly Proposed Bill No. 465
January Session, 2025
LCO No. 129
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
SEN. ANWAR, 3rd Dist.
AN ACT CONCERNING PROPERTY TAX EXEMPTIONS FOR CERTAIN
LONG-TERM HOMEOWNERS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That chapter 203 of the general statutes be amended to (1) establish a 1
municipal option to exempt from property taxation twenty per cent of 2
the assessed value of a primary residence continuously owned by the 3
same taxpayer for at least twenty years but fewer than twenty-five 4
years, (2) exempt from property taxation (A) twenty-five per cent of the 5
assessed value of a primary residence continuously owned by the same 6
taxpayer for at least twenty-five years, and (B) thirty per cent of the 7
assessed value of a primary residence continuously owned by the same 8
taxpayer for at least thirty years, and (3) require the Office of Policy and 9
Management to (A) in coordination with municipal tax assessors, create 10
a standard application for such exemptions, which shall be returnable 11
to municipal tax assessors and require proof of continuous ownership 12
and the use of a subject property as a primary residence, and (B) provide 13
guidance to municipalities concerning the uniform application of such 14
exemptions and the management of any resulting fiscal impact. 15 Proposed Bill No. 465
LCO No. 129 2 of 2
Statement of Purpose:
To provide property tax exemptions for certain long-term homeowners.