The proposed legislation, General Assembly Raised Bill No. 359, seeks to authorize the city of Hartford to defer its scheduled revaluation of real property for one year, moving the implementation date from October 1, 2026, to October 1, 2027. This deferral is contingent upon approval from Hartford's legislative body and allows the rate maker to prepare new rate bills in accordance with existing statutes. The bill explicitly overrides any conflicting provisions in section 12-62 of the general statutes, municipal charters, special acts, or home rule ordinances.

Furthermore, the bill stipulates that any revaluation required after the deferred revaluation must adhere to the original schedule outlined in section 12-62, resuming from the point at which Hartford was operating prior to the deferral. The act is designed to provide flexibility for Hartford in managing its property assessments while ensuring compliance with statutory requirements in subsequent years.