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Connecticut Extends Property Tax Relief to Taxpayers

In early April 2020, Governor Lamont issued Executive Order No. 7S (E.O. Section 6), providing Connecticut property tax relief to COVID-19 affected taxpayers.

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In early April 2020, Governor Lamont issued Executive Order No. 7S (E.O. Section 6), providing Connecticut property tax relief to COVID-19 affected taxpayers.

In early April 2020, Governor Lamont issued Executive Order No. 7S (E.O. Section 6), providing Connecticut property tax relief to COVID-19 affected taxpayers. The Executive Order, among other items, directs municipalities to establish two property tax relief programs. Connecticut municipalities are to participate in one or both programs and are to notify the Office of Policy and Management by April 25, 2020 about which program(s) they will participate in.

Deferment Program (E.O. Section 6a): 

From March 10, 2020 through July 1, 2020 municipalities will be allowed to provide COVID-19 eligible taxpayers the ability to defer tax payments on real property and personal property. The deferral period is 90 days from the original due date of the tax payments.

Three-Percent – Low Interest Rate Program (EO Section 6b):

Underpayments of property tax due between March 10, 2020 and July 1, 2020 are to be subject to an interest rate that is no more than 3%. After 90 days, interest will be revert back to the established interest rate. In addition, property tax assessments outstanding on March 10, 2020 are likewise to be subjected to an interest rate that is no more than 3% for 90 days from April 1, 2020.

In order for Landlords and Tenants to be eligible for these programs, certain criteria must be met (E.O. Section 6c).

For the details of the Programs and eligibility requirements, you can access Executive Order No. 7S, and all of Governor Lamont’s COVID19 related Executive Orders, here >>

It is anticipated that municipalities will notify their property tax taxpayers of the program(s) they adopt. However, if you believe you may qualify for these programs, it may be prudent to reach out to your town’s assessor after April 25, 2020.

To learn more about the Deferment Program and its potential effect on Municipalities click here >>

Disclaimer: Any written tax content, comments, or advice contained in this article is limited to the matters specifically set forth herein. Such content, comments, or advice may be based on tax statutes, regulations, and administrative and judicial interpretations thereof and we have no obligation to update any content, comments or advice for retroactive or prospective changes to such authorities. This communication is not intended to address the potential application of penalties and interest, for which the taxpayer is responsible, that may be imposed for non-compliance with tax law.

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