Connecticut General Statutes (Tax)
Conn. Gen. Stat. § 12-62y
Optional regional property tax base revenue sharing: Revenue distribution
Official textcga.ct.gov
The administrative auditor of each planning region participating in the regional property tax base revenue sharing system shall distribute the moneys remitted to such auditor pursuant to section 12-62v to each municipality on or before March first, annually, in an amount which bears the same proportion as such municipality's municipal distribution index bears to the total of all municipal distribution indices within such planning region. The revenue distributed to a municipality under this section shall be used by a municipality in the same manner and for the same purposes as the proceeds from taxes on real property levied by the municipality.
(P.A. 15-244, S. 215.)
History: P.A. 15-244 effective October 1, 2015, and applicable to assessment years commencing on or after October 1, 2015.
Source: view the official text
In this chapter (40 sections)
- 12-62b · The Residential Property Tax Revaluation Relief Fund. Amounts…
- 12-62c · Municipal option to phase in assessment increases resulting…
- 12-62d · Residential property tax relief for municipalities with…
- 12-62e · Source of funds for state payments under section 12-62d
- 12-62f · State grants-in-aid to municipalities for development or…
- 12-62g · Increase in certain veteran's exemptions upon revaluation
- 12-62j · Interlocal revaluation agreement grant
- 12-62k · Revaluation exemption review committee. Membership.…
- 12-62m · Reports of assessed valuation of property in towns phasing in…
- 12-62n · Municipal option to adopt assessment rates limiting property…
- 12-62o · Municipal option to make annual adjustments in property values
- 12-62p · Municipal option to delay revaluation or suspend phase-in of…
- 12-62q · Regional revaluation program
- 12-62r · Annual adjustments to assessment rates adopted for apartment…
- 12-62s
- 12-62t · Municipal option to delay revaluation or suspend phase-in of…
- 12-62u · Optional regional property tax base revenue sharing:…
- 12-62v · Optional regional property tax base revenue sharing:…
- 12-62w · Optional regional property tax base revenue sharing:…
- 12-62x · Optional regional property tax base revenue sharing:…
- 12-62y · Optional regional property tax base revenue sharing: Revenue…
- 12-63 · Rule of valuation. Depreciation schedules
- 12-63a · Taxation of mobile manufactured homes and mobile manufactured…
- 12-63b · Valuations of rental income real property
- 12-63c · Submission of income and expense information applicable to…
- 12-63d · Change in assessed value of real estate. Relationship to sale…
- 12-63e · Valuation of property on which a polluted or environmentally…
- 12-63f · Payment to state of receipts from certain properties subjected…
- 12-63g · Assessment of buffers to inland wetlands or watercourses
- 12-63h · Land value taxation program
- 12-63k · Reduction of assessment for and allocation of tax revenue…
- 12-64 · Real estate liable to taxation. Easements in air space.…
- 12-64a · Reduction in assessed value of real estate upon removal of…
- 12-65 · Agreements fixing assessments on multifamily housing
- 12-65a · Approval by state referee
- 12-65b · Agreements between municipality and owner or lessee of real…
- 12-65c · Deferral of increased assessments due to rehabilitation:…
- 12-65d · Designation of rehabilitation area. Criteria for deferral of…
- 12-65e · Agreements to fix assessments during, and defer increases…
- 12-65f · Appeal