General Assembly |
Proposed Bill No. 5405 |
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January Session, 2011 |
LCO No. 1557 | ||||
Referred to Committee on Finance, Revenue and Bonding |
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Introduced by: |
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REP. SAWYER, 55th Dist. |
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AN ACT CONCERNING A TEN-YEAR REVALUATION SCHEDULE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 203 of the general statutes be amended to eliminate the five-year statistical revaluation mandate and replace it with an annual equalization process to be applied in years five through ten, thus enabling municipalities to return to a ten-year revaluation cycle.
Statement of Purpose: