State Codes and Statutes
Statutes > Connecticut > Title32 > Chap585 > Sec32-71Sec. 32-71. Fixing of assessments in enterprise zones. (a) Any municipality which has designated any area as an enterprise zone pursuant to section 32-70 shall provide, by ordinance, for the fixing of assessments on all real property in such zone which is improved during the period when such area is designated as an enterprise zone. Such fixed assessment shall be for a period of seven years from the time of such improvement and shall defer any increase in assessment attributable to such improvements according to the following schedule:
YearPercentage of Increase
Deferred First100 Second100 Third 50 Fourth 40 Fifth 30 Sixth 20 Seventh 10
Notwithstanding the provisions of this subsection, a municipality may negotiate the
fixing of assessments on the portion of improvements, by a taxpayer, which exceed a
value of eighty million dollars to real property which is to be used for commercial or
retail purposes. Notwithstanding the provisions of chapter 203, no such improvements
shall be subject to property taxation while such improvements are being constructed.
(b) Any fixed assessment on any residential property shall cease if: (1) For any
residential rental property, any dwelling unit in such property is rented to any person
whose income exceeds two hundred per cent of the median family income of the municipality; or (2) for any conversion condominium declared after the designation of the
enterprise zone, any unit is sold to any person whose income exceeds two hundred per
cent of the median family income of the municipality.
(c) In the event of a general revaluation by any such municipality in the year in
which such improvement is completed, resulting in any increase in the assessment on
such property, only that portion of the increase resulting from such improvement shall
be deferred. In the event of a general revaluation in any year after the year in which such
improvement is completed, such deferred assessment shall be increased or decreased in
proportion to the increase or decrease in the total assessment on such property as a result
of such revaluation.
(d) No improvements of any real property which qualifies as a manufacturing facility under subsection (d) of section 32-9p shall be eligible for any fixed assessment
pursuant to this section.
(e) Any such municipality may provide any additional tax abatements or deferrals
as it deems necessary for any property located in any such enterprise zone.
(P.A. 81-445, S. 3, 11; P.A. 82-435, S. 2, 8; P.A. 83-558, S. 1, 2; P.A. 94-241, S. 3, 4; P.A. 00-194, S. 1, 3.)
History: P.A. 81-445 effective July 1, 1982; P.A. 82-435 provided scale of fixed assessments, inserted Subsecs. (c) and
(d) concerning computation of and eligibility for such fixed assessments and inserted Subsec. (e) allowing for additional
tax abatements or deferrals by municipalities; P.A. 83-558 amended Subsec. (e) to remove the word "real" and thereby
allow for municipal tax abatement on any property; P.A. 94-241 added provision in Subsec. (a) authorizing municipalities
to negotiate fixing of assessments on portion of improvements, effective July 1, 1994; P.A. 00-194 amended Subsec. (a)
to provide that improvements are not subject to property taxation while under construction, effective June 1, 2000.
