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CT SB00101
Bill
Status
2/9/2026
Primary Sponsor
Martin Looney
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AI Summary
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Establishes a new state-wide property tax on high-value residential real property in Connecticut, applying only to homes with assessed values exceeding $3 million
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Imposes a 2-mill tax rate on residential properties assessed between $3 million and $5 million
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Applies a 3-mill tax rate on residential properties assessed at $5 million or more but less than $10 million
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Sets the highest rate of 4 mills on residential properties assessed at $10 million or more
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Referred to the Committee on Finance, Revenue and Bonding; introduced by Sen. Looney (11th District) during the February 2026 session
Legislative Description
An Act Establishing A State-wide Property Tax On Certain Residential Real Property.
Last Action
Public Hearing 02/27
2/20/2026