2015 Connecticut General Statutes
Title 12 - Taxation
Chapter 203 - Property Tax Assessment
Section 12-62u - Optional regional property tax base revenue sharing: Definitions.

The following terms, when used in this section and sections 12-62v to 12-62y, inclusive, have the following meanings, unless the context otherwise requires:

(1) “Administrative auditor” means the person selected pursuant to section 12-62x;

(2) “Average fiscal capacity” means the assessed value of all taxable real property and property eligible for grants pursuant to sections 12-18b, 12-19a and 12-20a in all municipalities within the planning region combined divided by the total population of all municipalities of the region combined;

(3) “Base year” means the assessment year commencing October 1, 2013;

(4) “Commercial and industrial property” means (A) real property used for the sale of goods or services, including, but not limited to, nonresidential living accommodations, dining establishments, motor vehicle services, warehouses and distribution facilities, retail services, banks, office buildings, multipurpose buildings wherein one or more occupations are conducted, commercial condominiums for retail or wholesale use, recreation facilities, entertainment facilities, airports, hotels and motels, and (B) real property used for production and fabrication of durable and nondurable man-made goods from raw materials or compounded parts. Commercial and industrial property includes the lot or land on which a building is situated and accessory improvements located thereon, including, but not limited to, pavement and storage buildings. Commercial and industrial property does not include real property located in an enterprise zone;

(5) “Increase from base year” means the total assessed value of all commercial and industrial property within a municipality for the current year less the total assessed value of all commercial and industrial property within a municipality for the base year;

(6) “Municipality” means any town, city, borough, consolidated town and city or consolidated town and borough;

(7) “Municipal base value” means the total assessed value of commercial and industrial property within a municipality for the base year;

(8) “Municipal commercial industrial mill rate” means:

Revenue sharing percentage  X increase from base year X regional mill rate	+	Municipal commercial industrial mill rate;
1 — revenue sharing percentage X  increase from base year X municipal mill rate  effective July first of the current year	+
Municipal base value X municipal mill rate  effective July first of the current year	=
Total value

(9) “Municipal contribution to the area-wide tax base” means:

Increase from base year  X revenue sharing percentage	X	Regional mill rate	=	Municipal contribution to the area-wide tax base;
1000

(10) “Municipal fiscal capacity” means the assessed value of all taxable real property and all property eligible for grants pursuant to sections 12-18b, 12-19a and 12-20a within a municipality divided by the population of such municipality;

(11) “Municipal distribution index” means:

Municipal population	X	Average fiscal capacity	=	Municipal distribution index;
		Municipal fiscal capacity

(12) “Planning region” means a planning region of the state as defined or redefined by the Secretary of the Office of Policy and Management, or his or her designee, under the provisions of section 16a-4a;

(13) “Population” means the number of persons residing in a municipality according to the most recent federal decennial census, except that, in intervening years between such censuses, “population” means the number of persons according to the most recent estimate made, pursuant to section 19a-2a, by the Department of Public Health, with patients and inmates of state hospitals, institutions of correction, and other state institutions excluded;

(14) “Regional council of governments” means any such council organized under the provisions of sections 4-124i to 4-124p, inclusive;

(15) “Regional mill rate” means the average mill rate of all municipalities within its respective planning region as of January first as calculated by the administrative auditor for such planning region and verified by the Secretary of the Office of Policy and Management;

(16) “Revenue sharing percentage” means 0.2 or less, as determined by the regional council of governments for the planning region within which the municipality is located; and

(17) “Total value” means the total assessed value of commercial and industrial property within a municipality for the current assessment year.

(P.A. 15-244, S. 211.)

History: P.A. 15-244 effective October 1, 2015, and applicable to assessment years commencing on or after October 1, 2015.