A recent decision by the Appeals Court of Massachusetts* about the entitlement of two nonprofit corporations which rent apartments at below- market rates to low-income elderly individuals and individuals with disabilities...more
5/24/2023
/ Ad Valorem Tax ,
Charitable Organizations ,
Connecticut ,
Elder Issues ,
Low Income Housing ,
Low-Income Issues ,
Property Owners ,
Property Tax ,
Property Valuation ,
Tax Assessment ,
Tax Exempt Entities ,
Tax Exemptions
Approximately 20% of Connecticut’s 169 municipalities usually conduct general revaluations every five years as required by law. Due to a quirk in the schedule, 2019 revaluations will be conducted by only 14 communities. While...more
8/13/2019
/ Carve Out Provisions ,
Compensation ,
Department of Transportation (DOT) ,
Eminent Domain ,
Fair Market Value ,
Filing Requirements ,
IRS ,
Licensing Rules ,
Municipalities ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Religious Institutions ,
Required Forms ,
Shopping Centers ,
State and Local Government ,
Tax Appeals ,
Tax Assessment ,
Tax Exemptions
On September 30, 2016, the Connecticut Supreme Court heard oral argument in Nutmeg Housing Development Corp. v. Colchester. On the face of it, the ad valorem valuation of a garden variety property in the suburbanizing Town...more
1/20/2017
/ Ad Velorum Property Taxes ,
Affordable Housing ,
Appraisal ,
Car Dealerships ,
Commercial Real Estate Market ,
Conducted for Profit Test ,
CT Supreme Court ,
Local Ordinance ,
Low-Income Issues ,
Non-Profit Hospitals ,
Property Tax ,
Property Valuation ,
Rental Property ,
Tax Abatement ,
Tax Assessment ,
Tax Court ,
Tax Exemptions