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
On September 30, 2016, the Connecticut Supreme Court heard oral argument in Nutmeg Housing Development Corp. v. Colchester. On the face of it, the ad valorem valuation of a garden variety property in the suburbanizing Town...more
1/20/2017
/ Ad Velorum Property Taxes ,
Affordable Housing ,
Appraisal ,
Car Dealerships ,
Commercial Real Estate Market ,
Conducted for Profit Test ,
CT Supreme Court ,
Local Ordinance ,
Low-Income Issues ,
Non-Profit Hospitals ,
Property Tax ,
Property Valuation ,
Rental Property ,
Tax Abatement ,
Tax Assessment ,
Tax Court ,
Tax Exemptions
October 1, 2016 Revaluations: If/When/How to Challenge Your Real Estate Property Assessment -
Connecticut municipalities are required to carry out a general revaluation of all real estate within their boundaries at least...more
10/17/2016
/ Climate Change ,
Commercial Property Owners ,
Condemnation ,
Damages ,
Eminent Domain ,
Jury Awards ,
Jury Trial ,
Just Compensation ,
Property Tax ,
Property Valuation ,
Tax Appeals ,
Tax Assessment
During the recently concluded special session, the Connecticut General Assembly approved, and the Governor subsequently signed into law, Section 244 of Public Act No. 15-5 (June Special Session) that revokes the property tax...more
The Environment and Property Taxes -
It seems that many stakeholders are trying to deal with climate change.
Connecticut’s hundreds of miles of coastline along the Long Island Sound include many low-lying areas...more
Thorny Exemption Issue Discussed -
Limited Liability Company X owns property in the Town of Windham which it leases to Corporation Y. Both entities are tax exempt under the Internal Revenue Code. Both entities...more
Property owners and assessment authorities continue to clash over the proper valuation for property tax purposes of rent-restricted, low-income housing. One of the most recent disagreements flared up in the small town of...more
The deadline for formally protesting an assessment to the boards of assessment appeals of the municipalities listed below is March 20, 2013. Appeal forms will be available at the assessor's office as the deadline approaches. ...more