CT HB05516

Municipalities may adopt a homestead property tax exemption for owner-occupied dwellings upon approval by their legislative body or board of selectmen in town meeting municipalities.

The exemption ranges from a minimum of 5% to a maximum of 35% of the assessed value.

Eligible properties include owner-occupied dwellings, condominiums, and units in common interest communities that serve as the primary residence of the owner.

Properties must consist of no more than two units to qualify for the exemption.

The provision becomes effective upon passage of the bill.