Substitute Senate Bill No. 362, also known as Public Act No. 26-114, amends various statutes related to municipal property tax assessment in Connecticut. Key provisions include extending deadlines for towns to submit digital parcel files to regional councils and the Secretary of the Office of Policy and Management from May 1, 2019, to September 1, 2027, and for councils to report non-compliant towns from July 1, 2019, to October 1, 2027. The bill mandates that these digital files contain specific property information, such as unique identifiers and assessed values. It also updates the notification process for municipalities reporting assessed valuations, requiring electronic notifications instead of certified mail, and establishes a committee for the training and certification of assessment personnel, with specific membership criteria.

Additionally, the bill introduces significant changes to property tax exemptions for veterans, allowing for exemptions on properties valued up to $3,500 for disabled veterans and clarifying the process for claiming these exemptions. It replaces the term "tax collector" with "assessor" to streamline the application process and ensures that surviving spouses of veterans can inherit tax exemption benefits. The bill also modifies the assessment process for motor vehicles, including a new depreciation schedule and changes to the appeals process for property tax assessments. Overall, these amendments aim to enhance the efficiency and clarity of property tax assessments and exemptions in Connecticut, with various provisions set to take effect between 2026 and 2027.

Statutes affected:
Raised Bill: 12-19b, 12-20b, 12-40a, 12-62g, 12-120c
PD Joint Favorable Substitute: 12-19b, 12-20b, 12-40a, 12-62g, 12-120c
File No. 278: 12-19b, 12-20b, 12-40a, 12-62g, 12-120c
FIN Joint Favorable: 12-19b, 12-20b, 12-40a, 12-62g, 12-120c
Public Act No. 26-114: 12-19b, 12-20b, 12-40a, 12-62g, 12-120c