CT SB00262

Removes the $1,000 property tax exemption cap for horses and ponies, making all livestock including horses and ponies subject to local property taxation.

Removes horses and ponies from the farm machinery exemption in section 12-91, which previously exempted farm machinery up to $100,000 in assessed value when used in farming operations.

Modifies forest land classification procedures to require applications be "dated not later than October first" rather than "submitted to the assessor" by that date.

Replaces "revised application" with "new application" requirement when property classified as farm, forest, open space, or maritime heritage land changes ownership, with exceptions for certain transfers enumerated in section 12-504c.

Adds notification requirements for certain excepted transfers of classified land, requiring new owners to notify the assessor through forms prescribed by the Commissioner of Agriculture, State Forester, or Secretary of the Office of Policy and Management depending on land classification.