CT HB07274

Municipalities may provide property tax exemptions of 5% to 35% of assessed value for owner-occupied primary residences consisting of not more than two units, including condominiums and common interest community units

Approval required from the municipal legislative body or, in towns with town meetings, by vote of the board of selectmen

Municipalities may impose additional eligibility requirements including a minimum residency term and/or a maximum assessed value cap for qualifying dwellings

Takes effect upon passage and amends Section 12-81oo of the general statutes

Received Joint Favorable report from the Finance, Revenue and Bonding Committee