OPM: Report Regarding Revaluation Policies and Procedures

Report Regarding Revaluation Policies and Procedures


Description

In compliance with Section 27 of Public Act 04-2 of the May 11 Special Session, the Office of Policy and Management has prepared a Report Regarding Revaluation Polices and Procedures.  The report addresses ß12-62 of the Connecticut General Statues, as amended by Section 33 of Public Act 04-2 of the May 11 Special Session and the State of Connecticutís regulations related to revaluation.  It describes statutory requirements concerning real property valuation and explains property data verification procedures and mass appraisal methods used to value real property.  The report also discusses programs to mitigate the effects of a revaluation and addresses the potential effects of the revaluation deferral provisions of Section 32 of Public Act 04-2 (May 11 Special Session).

Lastly, the report contains the Office of Policy and Managementís findings regarding revaluation and recommends legislation to clarify the statutes and regulations so as to make them more effective.

Because the Office of Policy and Management believes there is an urgent need for enactment of the reportís recommended legislation, the agency is submitting this legislation to the Finance, Revenue and Bonding Committee.  The Office of Policy and Management anticipates the enactment of this proposed legislation during the 2005 General Assembly session.

Document Specifications

To download the document, please select one of the available file type(s):


Format: Microsoft Word for Windows (Version 7.0)
File Type: (*.doc)
Length: 65
File size: 750KB (uncompressed)
Click Here to Download: Revaluation Report.doc

Format: Text File
File Type: (*.txt)
Length: N/A
File size: 169KB (uncompressed)
Click Here to Download: Revaluation Report.txt

 

For Further Information, Please Contact:
Kathleen Ruebenbauer: phone (860) 418-6383 - fax (860) 418-6493 - e-mail kathleen.ruebenbauer@po.state.ct.us





Content Last Modified on 7/12/2007 8:43:25 AM