CT SB00256

Increases the municipal property tax exemption cap for farm buildings from $100,000 to $150,000 per eligible building.

Exemption applies to buildings used actually and exclusively in farming, as defined in state statute, or buildings used to provide housing for seasonal employees of farmers.

Exemption does not apply to the farmer's residence and requires municipal legislative body approval and compliance with existing application and qualification processes.

Takes effect October 1, 2020, and applies to property assessment years commencing on or after October 1, 2020.