CT HB05269

Reduces the interest rate on delinquent property tax principal from 18 percent to 12 percent per annum, effective October 1, 2011 for assessment years commencing on or after that date.

Changes the monthly interest notice requirement from 1.5 percent to 1.25 percent per month or fraction thereof in tax collector notifications, effective October 1, 2010 for assessment years commencing on or after that date.

Maintains the $2 minimum interest charge that municipalities may elect not to impose.

Allows municipalities to waive all or a portion of interest due on delinquent property taxes for taxpayers who received compensation as crime victims under chapter 968.

Authorizes tax collectors and assessors to jointly waive interest on delinquent taxes when delinquency is attributable to assessor or collector error and not the taxpayer's action or failure.