Increase in Connecticut’s Assessment Ratio Proposed: Public Hearing Scheduled for February 17, 2023
property tax increases

For as long as most of us can remember, real and personal property in Connecticut has been assessed for property tax purposes at 70% of its fair market value.  Senate Bill No. 999, which was recently introduced in the Connecticut General Assembly, would increase the state-wide assessment ratio from 70% to 75% effective with the assessment year commencing on October 1, 2023.  This proposed change could potentially produce immediate tax increases in municipalities across the state.

The bill is modeled on a similar bill (Senate Bill No. 770) introduced earlier this year by the President of the State Senate.  Thus, it appears that the concept has support among the legislative leadership.

Senate Bill No. 999 will be the subject of a public hearing before the General Assembly’s Planning and Development Committee on February 17, 2023 at 11:00 a.m.  Interested parties can register to speak on the bill or submit written testimony.  Go to the General Assembly’s website for more information on the public hearing and how to participate.

Related Practices & Industries

This blog/web site presents general information only. The information you obtain at this site is not, nor is it intended to be, legal advice, and you should not consider or rely on it as such. You should consult an attorney for individual advice regarding your own situation. This website is not an offer to represent you. You should not act, or refrain from acting, based upon any information at this website. Neither our presentation of such information nor your receipt of it creates nor will create an attorney-client relationship with any reader of this blog. Any links from another site to the blog are beyond the control of Pullman & Comley, LLC and do not convey their approval, support or any relationship to any site or organization. Any description of a result obtained for a client in the past is not intended to be, and is not, a guarantee or promise the firm can or will achieve a similar outcome.

Subscribe to Updates

About Our Property Tax and Valuation Law Blog

Alerts, commentary, and insights from the attorneys of Pullman & Comley’s Property Tax and Valuation practice with timely information for businesses, nonprofits and individuals in commercial property tax appeals and eminent domain matters.

Other Blogs by Pullman & Comley

Education Law Notes

Connecticut Health Law Blog

Working Together Blog

Recent Posts


Jump to Page