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Bill

SB 359

AN ACT AUTHORIZING THE DEFERRAL OF A PROPERTY REVALUATION.

2026 Regular Session

Connecticut bill allows municipalities to delay mandatory property tax revaluations, providing fiscal flexibility but risking unequal property tax treatment and deferred revenue impacts.

HOUSE CALENDAR NUMBER 554
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WeVote Research Nonpartisan
Bill Summary · SB 359

Legislative bill overview

SB 359 authorizes municipalities in Connecticut to defer property revaluations—the process of reassessing property values for tax purposes. The bill allows local governments to postpone the timing of these required revaluations, which typically occur at set intervals to ensure equitable property tax assessment across jurisdictions.

Why is this important

Property revaluations can significantly impact individual homeowners' tax bills and municipal revenue streams. Deferral authority gives towns flexibility to manage the fiscal and administrative burden of large-scale revaluations while potentially providing temporary tax stability for residents, though it may also delay necessary adjustments to property values and create assessment inequities over time.

Potential points of contention

  • Tax fairness concerns: Deferring revaluations could perpetuate outdated property values, meaning some properties may be undertaxed while others are overtaxed relative to actual market value, creating horizontal equity issues
  • Municipal revenue uncertainty: Towns relying on stable tax bases may face budget planning challenges if revaluation timing becomes discretionary rather than predictable
  • Administrative burden debate: While proponents argue deferrals reduce revaluation costs, critics may contend that repeated deferrals simply postpone inevitable expenses and compound future adjustment shock

Compiled from official sources — confirm details with the bill’s official record.

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