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CT HB06558
Bill
Status
5/30/2023
Primary Sponsor
Planning and Development Committee
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AI Summary
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Municipalities may abate up to $500 in annual property taxes for qualifying first-time homebuyers for up to five assessment years
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Applies only to homebuyers who purchased property using Connecticut Housing Finance Authority (CHFA) funds and have a CHFA mortgage
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Eligible properties must be single-family residential dwellings serving as the owner's principal residence
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Requires approval by the municipality's legislative body or, in towns with town meetings, the board of selectmen
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Effective October 1, 2023, applicable to assessment years beginning on or after that date
Legislative Description
An Act Concerning Property Tax Abatement For Certain First-time Home Buyers.
Last Action
Senate Calendar Number 574
6/1/2023