HB 6806 — AN ACT AUTHORIZING THE DEFERRAL OF A PROPERTY REVALUATION.

House of Representatives General Assembly RaisedFile Bill No.

6806411 January Session, 2023 LCOSubstitute House Bill No.

45186806 ReferredHouse toof Representatives, April 4, 2023 The Committee on PLANNINGPlanning ANDand DEVELOPMENTDevelopment Introducedreported by:through REP.

(PD)KAVROS ANDEGRAW ACTof AUTHORIZINGthe THE17th DEFERRALDist., OFChairperson Aof PROPERTYthe REVALUATION.Committee on the part of the House, that the substitute bill ought to pass.

AN ACT AUTHORIZING THE DEFERRAL OF A PROPERTY REVALUATION.

(Effective from passage) (a) Notwithstanding the provisions of section 12-62 of the general statutes or any municipal charter, special act or home rule ordinance, the townmunicipalities of Wethersfield, Middletown and Stamford, which isare required to implement a revaluation of real property for the assessment year commencing October 1, 2023,2023 pursuant to section 12-62 of the general statutes, may defer such implementation until the assessment year commencing October 1, 2024, provided such deferral is approved by the legislative body of thesuch town.municipality.

The rate makermaker, in the town, as defined in section 12-131 of the general statutes, in any municipality that defers the implementation of a revaluation pursuant to this subsection may prepare new rate bills under the provisions of chapter 204 of the general statutes to carry out the provisions of this section.

(b)sHB6806 Any/ requiredFile revaluationNo. subsequent to any deferred revaluation implemented pursuant to subsection (a) of this section shall be implemented in accordance with the provisions of section 12-62 of the general statutes.

Such411 subsequent1 revaluationsHB6806 shallFile recommence at the LCO No.

4518411 1(b) Any required revaluation subsequent to any deferred revaluation implemented pursuant to subsection (a) of 2this Raisedsection Billshall No.be implemented in accordance with the provisions of section 12-62 of the general statutes.

6806Such subsequent revaluation shall recommence at the point in the schedule required pursuant to section 12-62 of the general statutes that the townmunicipality was following prior to such deferral.

from passage Section 1 from passage New section StatementPD ofJoint Purpose:Favorable Subst.

TosHB6806 allow/ theFile townNo. of Wethersfield to delay the revaluation of real property in such town by one year.

[Proposed411 deletions2 aresHB6806 enclosedFile inNo. brackets.

Proposed411 additionsThe following Fiscal Impact Statement and Bill Analysis are indicatedprepared byfor underline,the exceptbenefit thatof whenthe members of the entireGeneral textAssembly, solely for purposes of ainformation, billsummarization orand resolutionexplanation orand ado sectionnot ofrepresent athe billintent orof resolutionthe isGeneral new,Assembly itor iseither notchamber underlined.]thereof LCOfor No.any purpose.

4518In 2general, fiscal impacts are based upon a variety of 2informational sources, including the analyst’s professional knowledge.

Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.

OFA Fiscal Note State Impact:

None Municipal Impact:

Municipalities Effect FY 24 $ FY 25 $ Middletown;

Stamford;

See Below See Below See Below Wethersfield Explanation The bill allows three municipalities to delay an October 1, 2023, revaluation by one year.

This shifts any costs associated with revaluation and any subsequent grand list changes into the future, provided the municipal legislative body approves the delay.

The three municipalities permitted to delay revaluation are Wethersfield, Middletown and Stamford.

The Out Years The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.

sHB6806 / File No.

411 3 sHB6806 File No.

411 OLR Bill Analysis sHB 6806 AN ACT AUTHORIZING THE DEFERRAL OF A PROPERTY REVALUATION.

SUMMARY The Office of Legislative Research does not analyze Special Acts.

COMMITTEE ACTION Planning and Development Committee Joint Favorable Substitute Yea 21 Nay 0 (03/17/2023) sHB6806 / File No.

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