The proposed bill, General Assembly Proposed Bill No. 241, seeks to amend section 12-111 of the general statutes to restrict tax assessors from altering the assessed value of real property between revaluation cycles. Specifically, the bill prohibits any increases or decreases in assessed value unless they are necessitated by a court order, result from new construction or additions to the property, are due to damage or demolition, or are made to correct factual errors through a certificate of correction issued by the assessor.

This legislative change aims to provide stability and predictability for property owners by ensuring that assessed values remain consistent until the next scheduled revaluation. By limiting the circumstances under which assessors can modify property values, the bill seeks to protect property owners from unexpected tax increases or decreases that could arise from arbitrary assessments.