CT HB07001

Requires municipal assessors to determine retail sales facility property values based on "highest and best use" using three approaches: cost less depreciation, income approach, and comparable sales approach

Defines "retail sales facility" as a structure where customers are physically present to select and purchase retail goods or rent tangible personal property

Mandates that comparable sales analysis consider properties reasonably similar in age, condition, use, construction type, location, design, physical features, and economic characteristics

Effective October 1, 2025, applying to assessment years beginning on or after that date