CT SB00961

Municipalities may exempt horses or ponies from property taxation by vote of their legislative body, effective October 1, 2013.

Farm machinery is exempt from local property taxation up to $100,000 assessed value, with municipalities able to provide an additional $100,000 exemption; horses or ponies used exclusively in farming are also exempt when owned by farmers meeting $15,000 gross sales or expense threshold.

Municipalities may exempt buildings used exclusively for farming or seasonal employee housing up to $100,000 assessed value per building.

Farmers must apply annually by November 1st (or extended filing date) to assessors with notarized affidavit showing $15,000 in gross sales or farming expenses from the previous taxable year.

Certain transfers of classified land (including transfers between spouses, by inheritance, through eminent domain, or subject to restrictive covenants) do not trigger reassessment or new tax liability if the land maintains its original classification date.