Connecticut § 8-129a Apportionment and abatement of taxes on acquisition of property.

Connecticut Statutes

§ 8-129a — Apportionment and abatement of taxes on acquisition of property.

Connecticut·Title 8 Zoning, Planning, Housing and Economic and Community Development·Ch. 130 Redevelopment and Urban Renewal. State and Federal Aid. Community Development. Urban Homesteading. Abandoned and Blighted Property

In any case where a redevelopment agency acquires real property, municipal taxes on such property may be apportioned in accordance with prevailing local practice in the transfer of property as of the date title vests in the grantee and the authority authorized under the provisions of section 12-124 to abate taxes in the municipality wherein such real property is situated may abate the taxes on such property from the date title so vests.

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In any case where a redevelopment agency acquires real property, municipal taxes on such property may be apportioned in accordance with prevailing local practice in the transfer of property as of the date title vests in the grantee and the authority authorized under the provisions of section 12-124 to abate taxes in the municipality wherein such real property is situated may abate the taxes on such property from the date title so vests.

Connecticut § 8-129a (Apportionment and abatement of taxes on acquisition of property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.