Senator Witkos Encourages Residential & Commercial Property Owners to Speak Out Against Statewide Property Tax
March 12, 2021Hartford, CT – Senator Kevin Witkos (R-Canton) is encouraging commercial and residential property owners to speak out against a legislative proposal that would implement a statewide property tax. The proposal, Senate Bill 171, would establish a one mill statewide tax on commercial and residential real property. The first $300,000 of the assessed value of a residential property would be exempt from such tax, however no similar exemption exists for commercial property owners.
The bill has been included on a public hearing agenda for the Finance, Revenue & Bonding committee taking place on Monday, March 15th starting at 9:00am.
“At a time when the business community is still feeling the fiscal impact of the pandemic, to now try and implement a new statewide mill rate tax is mind boggling. As we all know, once these taxes are implemented, it is unlikely that they ever go away, and more likely that future legislators or administrations will try and increase these taxes. Every new tax on the business community, and every new proposed tax, further drives the notion that Connecticut is anti-business” said Senator Witkos.
“The inaccurately dubbed ‘mansion tax’ would impact homes assessed at more than $300,000 or those with a market value of $430,000. On top of that, the Hartford Courant has recently reported that two 8th district towns, Avon & Simsbury, would be among the top ten towns impacted in Hartford County. Over the past several weeks I have heard from several residents and commercial property owners voicing their concerns about this potential new tax and I strongly encourage property owners to submit testimony or testify virtually at Monday’s hearing” he added.
Anyone wishing to submit testimony can do so by emailing [email protected] and should include their name and town. Individuals can sign up to testify virtually by clicking Here. Registration will close at 3:00 on Sunday, March 14th.