CT HB-6706, signed by the Governor on Monday, June 20, 2013 provides the following:" Effective October 1, 2013
Secretary of the Office of Policy and Management shall establish a pilot program in up to three CT municipalities whereby the selected municipalities shall develop a plan for implementation of land value taxation that (1) classifies real estate included in the taxable grand list as (A) land or land exclusive of buildings, or (B) buildings on land; and (2) establishes a different mill rate for property tax purposes for each class, provided the higher mill rate shall apply to land or land exclusive of buildings. The different mill rates for taxable real estate in each class shall not be applicable to any property for which a grant is payable under section 12-19a or 12-20a.
CSE needs your support to ensure these municipalities are provided with the information they need to implement LVT.
The Center has already been contacted and met with 5 CT Municipalities interested in LVT implementation.
The studies requested will not happen without your support, as we must raise $50,000 to complete all requested research.
Send your tax-deductible donation to: CSE, 7488 Oxford Avenue, Philadelphia, PA 19111 or click on the donate button at the top of this page now.