Connecticut General Statutes 8-129a – Apportionment and abatement of taxes on acquisition of property
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In any case where a redevelopment agency acquires real property, municipal taxes on such property may be apportioned in accordance with prevailing local practice in the transfer of property as of the date title vests in the grantee and the authority authorized under the provisions of section 12-124 to abate taxes in the municipality wherein such real property is situated may abate the taxes on such property from the date title so vests.
Terms Used In Connecticut General Statutes 8-129a
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Real property: means land, subterranean or subsurface rights, structures, any and all easements, air rights and franchises and every estate, right or interest therein. See Connecticut General Statutes 8-125
- Redevelopment: means improvement by the rehabilitation or demolition of structures, by the construction of new structures, improvements or facilities, by the location or relocation of streets, parks and utilities, by replanning or by two or more of these methods. See Connecticut General Statutes 8-125