AN
ACT CONCERNING LAND VALUE TAXATION.
Be it enacted by
the Senate and House of Representatives in
General Assembly convened:
Section 1.
Section 12-62a of the general statutes is
repealed and the following is substituted in
lieu thereof (Effective October 1, 2002,
and applicable to assessment years commencing
on or after October 1, 2002):
(a) Each
municipality, as defined in section 7-381,
shall establish a uniform assessment date of
October first.
(b) Each
such municipality shall assess all property
for purposes of the local property tax at a
uniform rate of seventy per cent of present
true and actual value, as determined under
section 12-63. For assessment years
commencing on and after October 1, 2002, any
targeted investment community, as defined in
section 32-222, as amended, by ordinance
adopted by its legislative body, may (1)
classify real estate as (A) land or land
exclusive of buildings, or (B) buildings on
land, and (2) establish a different rate of
property tax for each class, provided the
higher rate shall apply to land or land
exclusive of buildings.
(c) Repealed
by P.A. 96-171, S. 15, 16.
(d) Repealed
by P.A. 96-171, S. 15, 16.
(e) Commencing
October 1, 1996, any such municipality may,
with respect to the assessment list in such
municipality in a year in which a revaluation
becomes effective, as required under section
12-62, by vote of its legislative body and in
the manner provided in this subsection, defer
all or any part of the amount of any increase
in the assessed value of real property
included in the assessment list in the year
such revaluation becomes effective, provided
in the year such revaluation becomes effective
and in any succeeding year in which such
deferment is allowed by such municipality, the
assessed value of any real property in the
year immediately preceding revaluation shall
be increased in such equal amounts in each of
such years that the assessed value of such
real property in the last year of such
deferment, but in no event later than the
third year following the year of such
revaluation, shall be no less than the
assessed value applicable to such property in
the year of revaluation except for deferment
of such increased assessment in accordance
with this subsection. In any municipality with
such a revaluation becoming effective and
electing to defer all or any part of the
amount of such increase in the assessed value
of real property over the period of three
years immediately following, as provided in
this subsection, subject to approval by the
legislative body as provided above with
respect to real property included in the
assessment list in the year of such
revaluation, new real estate construction in
such municipality which is completed and
determined to be subject to property tax as
provided in section 12-53a after the
assessment date in the year of such
revaluation and prior to the assessment date
in the third year following the year of such
revaluation, may be assessed during such
period in a manner similar to that provided in
this subsection for real property included in
the assessment list in the year of such
revaluation, deferring a portion of the actual
assessed value of such new construction as of
the date liability for property tax is
established and adding such portion in equal
increments to an assessed value for such new
construction estimated as that which would
have been applicable if it had been completed
immediately prior to the assessment date in
the year of such revaluation, such increments
to be added in each assessment year commencing
with the year in which liability for property
tax is so established and ending not later
than the third year following the year of such
revaluation. The assessed value for purposes
of this subsection in each of said years shall
be determined as the sum of (1) such estimated
assessed value, (2) any of the equal
increments already added to such estimated
value for purposes of determining the assessed
value in accordance with this subsection,
and (3) the increment for the year with
respect to which such assessed value is being
determined. The portion of the actual assessed
value of such new construction as of the date
of such liability which is to be deferred and
added in increments to such estimated assessed
value shall be the amount by which the actual
assessed value of such new construction on the
date tax liability is so established exceeds
the estimated assessed value for such new
construction as described in this subsection.
(f) Any
municipality which has elected to defer all or
any part of the amount of increase in the
assessed value of real property as provided in
subsection (e) of this section may (1)
continue the plan of such deferment as
approved by the legislative body of such
municipality until the third year following
the year of such revaluation as provided in
said subsection (e), or (2) at any
time, subject to approval by the legislative
body in such municipality, discontinue the
plan of such deferment as adopted and
notwithstanding the provisions of section
7-344 and any other public or special act or
charter, lay such rate of property tax on the
assessment list for the assessment year in
which such discontinuance occurs, as completed
and placed in the town clerk's office in
accordance with section 12-55, without any
deferment of amounts of increase in assessed
values in accordance with said subsection (e),
in the amount that would have been applicable
with respect to said assessment list if such
plan of deferment had not been adopted. In the
event any such tax in accordance with said
subsection (e) has been levied and become due
and payable in such assessment year prior to
the date of such discontinuance as provided in
this subsection, the amount of tax due and
payable under this subsection shall be that
portion of such tax in excess of the amount of
tax due and payable prior to the date of such
discontinuance and which amount,
notwithstanding discontinuance of such plan of
deferment, shall continue to be collectible by
the tax collector. Within a period not
exceeding thirty days following the date on
which such plan of deferment is discontinued,
the assessor in such municipality shall notify
the tax collector as to the additional amounts
of such tax due with respect to the assessment
list for the assessment year in which such
discontinuance occurs and the tax collector
shall within ten days thereafter mail a bill
to the owner of each parcel of real property
subject to such additional tax. Such tax shall
be due and payable and collectible as other
municipal property taxes, provided such tax
shall be due and payable in an initial or
single installment not sooner than thirty days
following the date such bill is mailed to the
owner and in any remaining installments of
equal amounts as the same are determined to be
due and payable by the legislative body.
(g) Repealed
by P.A. 83-465, S. 3, 4.
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This act
shall take effect as follows: |
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Section 1 |
October
1, 2002, and applicable to assessment
years commencing on or after October 1,
2002 |
Statement of
Purpose:
To
authorize communities to establish two rates
of taxation.
[Proposed
deletions are enclosed in brackets. Proposed
additions are indicated by underline, except
that when the entire text of a bill or
resolution or a section of a bill or
resolution is new, it is not underlined.]
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