Bill Summary

• Expands property tax exemptions for 100% disabled veterans, allowing municipalities to provide additional exemptions equal to three times the standard exemption amount with income limits of $24,000 (married) or $21,000 (unmarried).

• Implements a statewide revaluation schedule dividing Connecticut into five revaluation zones, with towns required to revalue property every five years starting October 1, 2021, subject to penalties for non-compliance.

• Modifies property tax assessment and appeals processes, requiring detailed notices of assessment increases, establishing procedures for exemption certificates portable across municipalities, and adjusting timelines for tax bill delivery and refund applications.

• Restructures municipal revenue sharing grants and regional services grants, tying distributions to mill rates and population formulas, with spending caps that reduce grants for municipalities exceeding 2.5% budget growth.

• Updates administrative procedures for district reporting, cemetery maintenance, tax refunds, and hazardous tree removal on municipal property, while establishing new definitions and documentation requirements for assessors and tax collectors.