CT HB06801

Assessors may require owners of rental income-producing real property to annually submit income and operating expense information by June 1st on a form provided at least 45 days prior.

Assessors may grant extensions to July 1st for good cause if owners request extensions by June 1st.

Income and expense information submitted to assessors is not subject to public records disclosure under section 1-210.

Property owners who fail to submit required information or submit false or incomplete information face a 10% penalty increase in assessed value, issued by certificate of correction and billed by the tax collector.

Penalties may be waived if the property owner is not the owner on the assessment date or if the town adopts an ordinance allowing waivers; forms postmarked within the filing period are not considered delinquent.