CT HB05477

Establishes tiered daily blight penalties based on property size: up to $150/day for occupied properties with 6 or fewer units, up to $250/day for vacant properties, up to $1,000/day for third violations within 12 months, and 10-12 cents per square foot daily for larger residential and commercial properties

Extends the maximum duration for municipal fixed assessment agreements from 10 years to 30 years for property owners, covering real property, personal property, and air space improvements

Increases the personal property tax exemption threshold for business-owned tangible property from $250 to $1,000 original value, applicable to assessment years beginning October 1, 2024

Authorizes municipalities to take immediate enforcement action for blight violations without prior notice when the violation is the third or more at a property within a 12-month period

All provisions take effect October 1, 2024