CT SB01316

For tax lien assignments executed on or after July 1, 2026, interest on delinquent property taxes will accrue at 12% per year from the date of assignment, rather than the standard rates under current law

Assignees cannot commence foreclosure proceedings until at least one year has elapsed since purchasing the lien from the municipality

Assignees must provide written notice to property owners and mortgage holders within 60 days of acquiring a tax lien, and must give 60 days advance notice before initiating foreclosure

All foreclosure proceedings, including costs, attorney fees, advertising, and sale terms, must be commercially reasonable

Effective October 1, 2025, amending Section 12-195h of the general statutes