Property & Car Tax Relief
Historic Property Tax, Car Tax and PILOT Reforms
Burdensome property taxes are the biggest concern cited by Connecticut residents and businesses. To provide much-needed relief, Senate Democrats passed historic reforms to the property tax, the car tax and state funding for towns. The changes include:
- Diversification of the local tax base by providing municipalities with a revenue source other than property taxes for the first time in state history. A portion of state sales tax revenue now goes directly to towns and cities, resulting in healthier municipal budgets and reduced pressure on property tax rates.
- Capping the car tax in all cities and towns at no more than 37 mills. This long-sought reform blunts the impact of Connecticut’s most regressive tax, providing millions of dollars in direct tax relief for Connecticut’s families and small businesses.