CT HB06553

Municipalities cannot place liens on principal residences of taxpayers age 60 or older for delinquent taxes equaling 8% or less of the property's assessed value, effective October 1, 2021

Interest on delinquent property taxes for eligible seniors cannot exceed the U.S. prime rate reported by the Wall Street Journal or 12% per annum, whichever is lower

Legal fees, penalties, and other collection fees on delinquent taxes for eligible seniors cannot exceed 20% of taxes due at the time of settlement

Municipalities cannot sell, assign, or transfer liens on such properties to third parties unless taxes have been delinquent for at least four years

Municipal tax collectors must annually mail notices to property owners explaining that seniors age 60 or older may notify the tax collector of their eligibility and may designate a third party to receive delinquency notices