Classifies properties held in condominium and cooperative form for assessment purposes as class one-a properties; requires that the annual tax rate percentage change for class one-a properties does not exceed the annual tax rate percentage change for class one properties.
Relates to classifying certain property held in cooperative form as class one properties for assessment purposes.
Relates to classifying certain property held in cooperative form as class one properties for assessment purposes.
Allows the town of Middletown to adopt a tax classification plan for residential real estate which divides the class into non-owner and owner-occupied properties with separate tax rates.
Allows the town of Middletown to adopt a tax classification plan for residential real estate which divides the class into non-owner and owner-occupied properties with separate tax rates.
Includes non-owner-occupied residential properties used for short-term rentals for tourist or transient use to be assessed as Class 2 properties on or after the assessment date of December 31, 2024.
An Act Concerning Annual Adjustments To Assessment Rates Adopted For Apartment And Residential Properties.
Property Tax Benefits for Residential Properties
Property Tax Benefits for Residential Properties
Defines Class 5 property to include the commercial portion of mixed use properties and fix the tax rate for Class 3 property at thirty-eight dollars and 33 cents ($38.33) per one thousand dollars ($1,000).