CT SB00274

Completed new construction becomes liable for municipal taxes from the date a certificate of occupancy is issued or the dwelling is first used, whichever is earlier, with taxes prorated for that assessment year.

Partially completed new construction remains liable for municipal taxes based on assessed value as of October 1st of the assessment year, except as provided in subdivision (3).

Land for one, two, three, or four family residential dwellings shall be assessed without including the dwelling's value until the earliest of: certificate of occupancy issuance, first use of the dwelling, title conveyance to a buyer, or two years after the final building permit is issued.

Effective date is October 1, 2018, amending section 12-53a(a) of the general statutes.