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CT HB05284
Bill
Status
2/19/2026
Primary Sponsor
Planning and Development Committee
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AI Summary
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Municipalities may abate up to $500 per year in property taxes for first-time homebuyers who purchased their home using Connecticut Housing Finance Authority (CHFA) funds
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The abatement can last for a maximum of five assessment years
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Eligible properties must be single-family residential dwellings serving as the owner's principal residence and encumbered by a CHFA mortgage
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Municipal legislative bodies (or board of selectmen in town meeting towns) must approve participation in the abatement program
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Effective October 1, 2026, applicable to assessment years beginning on or after that date
Legislative Description
An Act Concerning Property Tax Abatement For Certain First-time Homebuyers.
Last Action
Filed with Legislative Commissioners' Office
3/9/2026