Bill > SB00241

This bill proposes to modify Connecticut's tax assessment laws by restricting when and how tax assessors can change the assessed value of real property between official revaluation cycles. Specifically, the bill would prohibit tax assessors from arbitrarily increasing or decreasing property values, with four key exceptions: (1) when a court order mandates such a change, (2) when there are physical additions or new construction on the property that impact its value, (3) when the property has suffered damage or been demolished, or (4) when a certificate of correction is issued to fix a factual error about the property. The goal of this legislation is to provide more predictability and fairness in property tax assessments by limiting mid-cycle changes to property valuations, which can significantly impact property owners' tax obligations. By establishing these narrow exceptions, the bill aims to prevent potentially arbitrary or capricious adjustments to property values outside of the standard revaluation process.

Housing and Urban Affairs

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00241&which_year=2025