The proposed bill, General Assembly Proposed Bill No. 241, seeks to amend section 12-111 of the general statutes to establish restrictions on tax assessors regarding the assessed value of real property. Specifically, the bill prohibits tax assessors from making any increases or decreases to the assessed value of real property prior to the next scheduled revaluation, except under certain conditions. These conditions include compliance with a court order, changes in assessed value due to new construction or damage to the property, or corrections made through a certificate of correction issued by the assessor to rectify factual errors.

The intent of this legislation is to provide stability and predictability for property owners by limiting the circumstances under which assessed values can be altered between revaluation cycles. By doing so, the bill aims to protect property owners from unexpected tax increases or decreases that could arise from assessor discretion outside of the established revaluation process.