During the 2024 regular session of the Connecticut General Assembly, seven bills were passed and signed into law that deal with a variety of property tax matters. Of these, the most significant is Public Act No. 24-151. This...more
The Connecticut General Assembly's Planning and Development Committee will be holding a public hearing on March 13 at 10:00 a.m. on the following bills of interest to commercial property owners and taxpayers...more
3/12/2024
/ Connecticut ,
Fair Market Value ,
General Assembly ,
Property Owners ,
Property Tax ,
Property Valuation ,
Public Hearing ,
Real Estate Market ,
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Tax Assessment ,
Tax Liability ,
Tax Planning
A large number of Connecticut municipalities are conducting revaluations as of October 1, 2023.
A notice containing the proposed new assessment of your property will be mailed before the end of this year. ...more
10/19/2023
/ Connecticut ,
Fair Market Value ,
Municipalities ,
Property Owners ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Revaluation ,
State and Local Government ,
Tax Assessment ,
Tax Liability ,
Tax Planning
While the recently concluded 2023 legislative session focused largely on other forms of taxation, the Connecticut General Assembly did pass several noteworthy acts regarding property taxation. Income and Expense Reports...more
7/17/2023
/ Connecticut ,
Easements ,
General Assembly ,
New Regulations ,
Property Owners ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
State and Local Government ,
Tax Abatement ,
Tax Assessment ,
Tax Reform
Two bills pending before the Connecticut General Assembly seek to impose a new state-wide property tax on different classes of real property. Currently, property taxes are only imposed at the municipal level of government. ...more
2/23/2023
/ Connecticut ,
Local Taxes ,
Municipalities ,
Property Owners ,
Property Tax ,
Property Valuation ,
Proposed Legislation ,
Real Estate Market ,
Regulatory Agenda ,
State and Local Government ,
State Taxes ,
Tax Assessment ,
Tax Liability ,
Tax Planning ,
Tax Reform
For as long as most of us can remember, real and personal property in Connecticut has been assessed for property tax purposes at 70% of its fair market value. Senate Bill No. 999, which was recently introduced in the...more
Please note: This alert was originally published on 09/28/2022 and was updated on 11/17/2022.
A large number of Connecticut municipalities are conducting revaluations as of October 1, 2022. ...more
11/18/2022
/ Connecticut ,
Fair Market Value ,
Municipalities ,
Property Owners ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Revaluation ,
State and Local Government ,
Tax Assessment ,
Tax Liability ,
Tax Planning
A large number of Connecticut municipalities began conducting revaluations as of October 1, 2022.
Important topics for taxpayers to consider include...more
Connecticut municipalities are scheduled to conduct real property revaluations effective October 1, 2022. You may find the complete list of Connecticut municipalities conducting October 1, 2022 revaluations on the OPM website...more
As the result of a recent change to the law, Connecticut’s municipal revaluation schedule will be undergoing some significant changes beginning with the October 1, 2024 grand list. With the passage of Section 7 of Public Act...more
Forty Connecticut municipalities are scheduled to conduct real property revaluations effective October 1, 2021. The following is a partial list of some larger municipalities undergoing a revaluation this year, which are home...more
9/27/2021
/ Manufacturing Facilities ,
Municipalities ,
Property Owners ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Revaluation ,
State and Local Government ,
Tax Assessment ,
Tax Liability ,
Tax Planning
Forty Connecticut municipalities are scheduled to conduct real property revaluations effective October 1, 2021. A list of the larger revaluing municipalities appears at the end of this alert. A revaluation notice containing...more
The deadline to appeal Fiscal Year 2021 assessments to municipal Boards of Assessors in Massachusetts depends on whether your property is located in a municipality that collects taxes two or four times per year. ...more
Thirty-four Connecticut municipalities are scheduled to conduct real property revaluations effective October 1, 2020. In response to COVID-19, Governor Lamont issued Executive Order 7S earlier this year which...more
Fourteen Connecticut municipalities are conducting real property revaluations effective October 1, 2019.
A revaluation notice containing the proposed new assessment of your property will be mailed in the latter part of...more
Approximately 20% of Connecticut’s 169 municipalities usually conduct general revaluations every five years as required by law. Due to a quirk in the schedule, 2019 revaluations will be conducted by only 14 communities. While...more
8/13/2019
/ Carve Out Provisions ,
Compensation ,
Department of Transportation (DOT) ,
Eminent Domain ,
Fair Market Value ,
Filing Requirements ,
IRS ,
Licensing Rules ,
Municipalities ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
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Required Forms ,
Shopping Centers ,
State and Local Government ,
Tax Appeals ,
Tax Assessment ,
Tax Exemptions
Tidbit on NNN lease property valuation -
A sort of a humdrum ruling on the assessment appeal of a garden variety industrial building nevertheless offers a valuable insight as to proper use of the income valuation...more
6/7/2019
/ Ad Valorem Tax ,
Apartments ,
Appraisal ,
Condemnation ,
County Assessors ,
CT Supreme Court ,
Fair Market Value ,
Hospitality Industry ,
Housing Market ,
Inverse Condemnation ,
Property Owners ,
Property Tax ,
Property Valuation ,
Tax Appeals ,
Tax Assessment ,
Tax Court ,
Tax Revenues
In an ad valorem appeal of the value of an office/retail building and its associated parking lot in Springfield, the Massachusetts Appellate Tax Board (ATB) addressed the property owner’s contention that a proposal to...more
3/15/2019
/ Ad Valorem Tax ,
Discrimination ,
NY Supreme Court ,
Physical Presence Test ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Sales Tax ,
South Dakota v. Wayfair ,
Tax Appeals ,
Tax Assessment
U.S. Supreme Court Internet Sales Tax Decision and Property Values -
Your editors do not need to belabor the point that brick and mortar retail occupancies, rents and values have been pounded as a result of internet...more
10/26/2018
/ Ad Valorem Tax ,
Appraisal ,
Brick-and-Mortar Stores ,
E-Commerce ,
Fair Market Value ,
Graffiti ,
Internet Retailers ,
Land Parcels ,
Property Tax ,
Real Estate Market ,
Sales Tax ,
South Dakota v. Wayfair ,
Tax Assessment ,
Vacant Properties ,
Visual Artists Rights Act (VARA)
October 10, 2018 Approximately a quarter of Connecticut municipalities plan to conduct revaluations effective October 1, 2018....more
Showdown at the BAA corral?
Consider this scenario: a property owner shows up at his appointed time and day to challenge his assessment before a public meeting of the Nutmeg Board of Assessment Appeals. ...more
Hartford Bankruptcy Threat Postponed -
The immediate possibility of Connecticut’s capital city filing a bankruptcy petition has been mitigated as a result of the newly adopted Connecticut budget. ...more
Property Assessment Class Action Fails -
On previous occasions, the editors of Property Tax and Valuations Topics have noted that Connecticut courts tend to be rather strict in requiring property owners to pursue statutory...more
11/15/2017
/ Class Action ,
Commercial Leases ,
Dispensaries ,
Filing Deadlines ,
Marijuana Related Businesses ,
Multi-Family Development ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Religious Institutions ,
Religious Schools ,
Rental Property ,
School Districts ,
Tax Appeals ,
Tax Assessment ,
Tax Exempt Entities ,
Waterfront Properties
Approximately 20 percent of Connecticut municipalities plan to conduct revaluations effective October 1, 2017.
For those with commercial real property located in a revaluing community, you should know that a representative...more
Momentous LIHTC Decision Does Not Materialize -
In the Winter 2017 issue of Property Tax and Valuation Topics, we projected that the Connecticut Supreme Court’s anticipated ruling in Nutmeg Housing Development...more