Substitute Senate Bill No. 1267
         Substitute Senate Bill No. 1267

              PUBLIC ACT NO. 97-254


AN ACT CONCERNING THE BALANCING OF THE REVALUATION
SCHEDULE.


    Be  it  enacted  by  the  Senate  and House of
Representatives in General Assembly convened:
    Section   1.  Section  12-62  of  the  general
statutes  is  repealed  and   the   following   is
substituted in lieu thereof:
    [(a)(1)(A)  The assessor or board of assessors
of each town which levies real property  taxes  on
the  basis  of  a revaluation that was implemented
for an assessment year  commencing  on  or  before
October  1,  1986,  shall, for the assessment year
commencing  October  1,  1997,  revalue  all  real
property   for  assessment  purposes  by  physical
observation;
    (B)  The  assessor  or  board  of assessors of
each town which levies real property taxes on  the
basis  of  a  revaluation that was implemented for
the assessment year commencing  October  1,  1987,
shall,  for the assessment year commencing October
1, 1998, revalue all real property for  assessment
purposes by physical observation;
    (C)  The  assessor  or  board  of assessors of
each town which levies real property taxes on  the
basis  of  a  revaluation that was implemented for
the assessment year commencing  October  1,  1988,
shall,  for the assessment year commencing October
1, 1999, revalue all real property for  assessment
purposes by physical observation;
    (D)  The  assessor  or  board  of assessors of
each town which levies real property taxes on  the
basis  of  a  revaluation that was implemented for
the assessment year commencing  October  1,  1989,
shall,  for the assessment year commencing October
1, 1999, revalue all real property for  assessment
purposes  by  use  of  statistical  adjustments in
value,  and  shall,  for   the   assessment   year
commencing  October  1,  2003,  revalue  all  such
property by physical observation;
    (E)  The  assessor  or  board  of assessors of
each town which levies real property taxes on  the
basis  of  a  revaluation that was implemented for
the assessment year commencing  October  1,  1990,
shall,  for the assessment year commencing October
1, 2000, revalue all real property for  assessment
purposes  by  use  of  statistical  adjustments in
value,  and  shall,  for   the   assessment   year
commencing  October  1,  2004,  revalue  all  such
property by physical observation;
    (F)  The  assessor  or  board  of assessors of
each town which levies real property taxes on  the
basis  of  a  revaluation that was implemented for
the assessment year commencing  October  1,  1991,
shall,  for the assessment year commencing October
1, 2000, revalue all real property for  assessment
purposes  by  use  of  statistical  adjustments in
value,  and  shall,  for   the   assessment   year
commencing  October  1,  2004,  revalue  all  such
property by physical observation;
    (G)  The  assessor  or  board  of assessors of
each town which levies real property taxes on  the
basis  of  a  revaluation that was implemented for
the assessment year commencing  October  1,  1992,
shall,  for the assessment year commencing October
1, 2001, revalue all real property for  assessment
purposes  by  use  of  statistical  adjustments in
value,  and  shall,  for   the   assessment   year
commencing  October  1,  2005,  revalue  all  such
property by physical observation;
    (H)  The  assessor  or  board  of assessors of
each town which levies real property taxes on  the
basis  of  a  revaluation that was implemented for
the assessment year commencing  October  1,  1993,
shall, for the assessment years commencing October
1, 2001, and October 1,  2005,  revalue  all  real
property   for   assessment  purposes  by  use  of
statistical adjustments in value, and  shall,  for
the  assessment  year  commencing October 1, 2009,
revalue all such property by physical observation;
    (I)  The  assessor  or  board  of assessors of
each town which levies real property taxes on  the
basis  of  a  revaluation that was implemented for
the assessment year commencing  October  1,  1994,
shall, for the assessment years commencing October
1, 2001, and October 1,  2005,  revalue  all  real
property   for   assessment  purposes  by  use  of
statistical adjustments in value, and  shall,  for
the  assessment  year  commencing October 1, 2009,
revalue all such property by physical observation;
and
    (J)  The  assessor  or  board  of assessors of
each town which levies real property taxes on  the
basis  of  a  revaluation that was implemented for
the assessment year commencing  October  1,  1995,
shall, for the assessment years commencing October
1, 2001, and October 1,  2005,  revalue  all  real
property   for   assessment  purposes  by  use  of
statistical adjustments in value, and  shall,  for
the  assessment  year  commencing October 1, 2009,
revalue   all   such    property    by    physical
observation.]
    (a)   (1)  COMMENCING  OCTOBER  1,  1997,  THE
ASSESSOR OR BOARD OF ASSESSORS OF EACH TOWN  SHALL
REVALUE ALL OF THE REAL ESTATE IN THEIR RESPECTIVE
MUNICIPALITIES   FOR   ASSESSMENT   PURPOSES    IN
ACCORDANCE  WITH  THE PROVISIONS OF SUBSECTION (b)
OF THIS SECTION. THE ASSESSMENTS DERIVED FROM EACH
SUCH  REVALUATION SHALL BE USED FOR THE PURPOSE OF
LEVYING PROPERTY TAXES IN SUCH MUNICIPALITY IN THE
ASSESSMENT  YEAR IN WHICH SUCH REVALUATION BECOMES
EFFECTIVE AND IN EACH ASSESSMENT  YEAR  THEREAFTER
UNTIL   THE   NEXT   SUCCEEDING   REVALUATION   IN
ACCORDANCE WITH THE PROVISIONS OF  SUBSECTION  (b)
OF  THIS  SECTION.  IN  THE  PERFORMANCE  OF THESE
DUTIES, EXCEPT IN ANY MUNICIPALITY WHERE THERE  IS
A  SINGLE  ASSESSOR, AT LEAST TWO OF THE ASSESSORS
SHALL ACT TOGETHER AND  ALL  VALUATIONS  SHALL  BE
SEPARATELY   APPROVED   BY   A   MAJORITY  OF  THE
ASSESSORS.
    [(2)  For  the  assessment year commencing not
later than twelve years following the  revaluation
by  physical  observation  of  all  real  property
required under subdivision (1) of this  subsection
or  under  subsection  (g) of this section and not
later than  every  twelve  years  thereafter,  the
assessors  of  all  towns,  consolidated towns and
cities and  consolidated  towns  and  boroughs  or
their  designees  shall  revalue  all  of the real
estate  in  their  respective  municipalities  for
assessment   purposes   by   means   of   physical
observation.  In  addition  to   any   statistical
revaluation required under subdivision (1) of this
subsection,  not  later  than  every  four   years
following   each  physical  revaluation  conducted
pursuant to said subdivision (1) or subsection (g)
of   this   section  and  this  subdivision,  such
assessors or their  designees  shall  revalue  all
real  property for assessment purposes by use of a
statistical method of adjusting the value, without
a  physical  observation, reflecting any change in
the value of such real estate as compared  to  its
value   determined   for   the  purposes  of  said
immediately preceding revaluation.]
    (2)  THE  ASSESSOR  OR  BOARD  OF ASSESSORS OF
EACH TOWN SHALL VIEW BY PHYSICAL INSPECTION ALL OF
THE REAL ESTATE IN THEIR RESPECTIVE MUNICIPALITIES
FOR ASSESSMENT PURPOSES WITHIN THE PERIOD OF  TIME
PROVIDED IN SUBDIVISION (3) OF THIS SUBSECTION.
    (3)   [The   assessments   derived  from  each
physical   and   statistical   revaluation   under
subdivisions  (1) and (2) of this subsection shall
be used for the purpose of levying property  taxes
in  such  municipality  in  the assessment year in
which such revaluation becomes  effective  and  in
each  assessment  year  thereafter  until the next
succeeding revaluation  in  accordance  with  this
section  becomes  effective. In the performance of
these duties, except  in  any  municipality  where
there  is  a  single assessor, at least two of the
assessors shall act together, and  all  valuations
shall  be separately approved by a majority of the
assessors.] An assessor shall have  fulfilled  the
requirement  to  view  by physical inspection if a
physical inspection of a property has been made at
any   time   from  the  [assessment  date  of  the
immediately preceding statistical  revaluation  to
the  assessment date of the succeeding revaluation
by physical inspection. Nothing in this subsection
shall  be  construed  as  prohibiting  a town from
effecting more frequent revaluations by  means  of
either   physical  observation  or  a  statistical
method of adjusting assessed valuations,  provided
no more than twelve years shall elapse between the
implementation of each physical revaluation and  a
statistical  revaluation  shall  be implemented no
less   than   every   four   years   between   the
implementation   of   each  physical  revaluation]
EFFECTIVE DATE OF THIS ACT  TO  OCTOBER  1,  2009,
INCLUSIVE,  AND  THEREAFTER, THE ASSESSOR OR BOARD
OF ASSESSORS SHALL  VIEW  BY  PHYSICAL  INSPECTION
EACH  PARCEL  OF  REAL ESTATE NO LATER THAN TWELVE
YEARS FOLLOWING THE PRECEDING INSPECTION.
    [(b)  Except as provided in subdivision (1) of
subsection (a) of this section,  nothing  in  this
section  shall  be  construed to extend the period
between revaluations made by viewing beyond twelve
years.  The  Secretary of the Office of Policy and
Management  shall  adopt  regulations   concerning
acceptable  methods  for  use by a municipality in
conducting a revaluation  by  use  of  statistical
adjustments in value.]
    (b)  (1) THE ASSESSOR OR BOARD OF ASSESSORS OF
EACH TOWN SHALL REVALUE ALL OF THE REAL ESTATE  IN
THEIR RESPECTIVE MUNICIPALITIES IN ACCORDANCE WITH
THE SCHEDULE PROVIDED IN THIS SECTION. NOTHING  IN
THIS  SUBSECTION  SHALL BE CONSTRUED TO PROHIBIT A
TOWN FROM  EFFECTING  MORE  FREQUENT  REVALUATIONS
BETWEEN  THE  IMPLEMENTATION  OF  EACH REVALUATION
REQUIRED IN ACCORDANCE WITH THE PROVISIONS OF THIS
SECTION.

 TOWN/CITY           YEAR OF NEXT      YEAR OF
                     REVALUATION     SUBSEQUENT
                                     REVALUATION

 ANDOVER                2001            2005
 ANSONIA                2002            2006
 ASHFORD                2002            2006
 AVON                   1999            2003
 BARKHAMSTED            1999            2003
 BEACON FALLS           2001            2005
 BERLIN                 1997 OR 1998    2002
 BETHANY                1999            2003
 BETHEL                 1999            2003
 BETHLEHEM              1999            2003
 BLOOMFIELD             2000            2004
 BOLTON                 1999            2003
 BOZRAH                 2001            2005
 BRANFORD               2000            2004
 BRIDGEPORT             1999            2003
 BRIDGEWATER            1999            2003
 BRISTOL                1997 OR 1998    2002
 BROOKFIELD             2001            2005
 BROOKLYN               2000            2004
 BURLINGTON             1999            2003
 CANAAN                 1997 OR 1998    2002
 CANTERBURY             2000            2004
 CANTON                 1999            2003
 CHAPLIN                1999            2003
 CHESHIRE               1999            2003
 CHESTER                1999            2003
 CLINTON                2000            2004
 COLCHESTER             2001            2005
 COLEBROOK              2000            2004
 COLUMBIA               2001            2005
 CORNWALL               2001            2005
 COVENTRY               2000            2004
 CROMWELL               1999            2003
 DANBURY                1997 OR 1998    2002
 DARIEN                 1999            2003
 DEEP RIVER             2001            2005
 DERBY                  2000            2004
 DURHAM                 2000            2004
 EASTFORD               1997 OR 1998    2002
 EAST GRANBY            1999            2003
 EAST HADDAM            2002            2006
 EAST HAMPTON           2000            2004
 EAST HARTFORD          2001            2005
 EAST HAVEN             2000            2004
 EAST LYME              2001            2005
 EASTON                 2002            2006
 EAST WINDSOR           2002            2006
 ELLINGTON              2000            2004
 ENFIELD                2001            2005
 ESSEX                  1999            2003
 FAIRFIELD              2001            2005
 FARMINGTON             2002            2006
 FRANKLIN               1999            2003
 GLASTONBURY            2002            2006
 GOSHEN                 1997 OR 1998    2002
 GRANBY                 1997 OR 1998    2002
 GREENWICH              2001            2005
 GRISWOLD               2001            2005
 GROTON                 2001            2005
 GUILFORD               2002            2006
 HADDAM                 2001            2005
 HAMDEN                 2000            2004
 HAMPTON                1999            2003
 HARTFORD               1999            2003
 HARTLAND               2001            2005
 HARWINTON              1999            2003
 HEBRON                 2001            2005
 KENT                   1999            2003
 KILLINGLY              2002            2006
 KILLINGWORTH           2001            2005
 LEBANON                1999            2003
 LEDYARD                2001            2005
 LISBON                 2001            2005
 LITCHFIELD             1999            2003
 LYME                   1999            2003
 MADISON                2000            2004
 MANCHESTER             2000            2004
 MANSFIELD              2000            2004
 MARLBOROUGH            2001            2005
 MERIDEN                2001            2005
 MIDDLEBURY             2001            2005
 MIDDLEFIELD            2001            2005
 MIDDLETOWN             1997 OR 1998    2002
 MILFORD                2000            2004
 MONROE                 1999            2003
 MONTVILLE              2001            2005
 MORRIS                 2000            2004
 NAUGATUCK              1997 OR 1998    2002
 NEW BRITAIN            2002            2006
 NEW CANAAN             1999            2003
 NEW FAIRFIELD          2000            2004
 NEW HARTFORD           1999            2003
 NEW HAVEN              2000            2004
 NEWINGTON              2000            2004
 NEW LONDON             1999            2003
 NEW MILFORD            2001            2005
 NEWTOWN                2002            2006
 NORFOLK                1999            2003
 NORTH BRANFORD         2001            2005
 NORTH CANAAN           1997 OR 1998    2002
 NORTH HAVEN            2000            2004
 NORTH STONINGTON       2000            2004
 NORWALK                1999            2003
 NORWICH                1999            2003
 OLD LYME               2000            2004
 OLD SAYBROOK           1999            2003
 ORANGE                 2000            2004
 OXFORD                 2000            2004
 PLAINFIELD             1997 OR 1998    2002
 PLAINVILLE             2000            2004
 PLYMOUTH               2001            2005
 POMFRET                2000            2004
 PORTLAND               2001            2005
 PRESTON                1997 OR 1998    2002
 PROSPECT               2000            2004
 PUTNAM                 1999            2003
 REDDING                1997 OR 1998    2002
 RIDGEFIELD             1997 OR 1998    2002
 ROCKY HILL             1999            2003
 ROXBURY                1997 OR 1998    2002
 SALEM                  2001            2005
 SALISBURY              2000            2004
 SCOTLAND               1999            2003
 SEYMOUR                2001            2005
 SHARON                 1999            2003
 SHELTON                2001            2005
 SHERMAN                1999            2003
 SIMSBURY               2002            2006
 SOMERS                 2002            2006
 SOUTHBURY              1997 OR 1998    2002
 SOUTHINGTON            2001            2005
 SOUTH WINDSOR          2002            2006
 SPRAGUE                2000            2004
 STAFFORD               2000            2004
 STAMFORD               2001            2005
 STERLING               1997 OR 1998    2002
 STONINGTON             2002            2006
 STRATFORD              2000            2004
 SUFFIELD               1999            2003
 THOMASTON              1999            2003
 THOMPSON               2000            2004
 TOLLAND                2000            2004
 TORRINGTON             1999            2003
 TRUMBULL               2000            2004
 UNION                  1999            2003
 VERNON                 2000            2004
 VOLUNTOWN              2001            2005
 WALLINGFORD            2000            2004
 WARREN                 1997 OR 1998    2002
 WASHINGTON             1999            2003
 WATERBURY              1997 OR 1998    2002
 WATERFORD              1997 OR 1998    2002
 WATERTOWN              1999            2003
 WESTBROOK              2001            2005
 WEST HARTFORD          1999            2003
 WEST HAVEN             2000            2004
 WESTON                 1999            2003
 WESTPORT               1999            2003
 WETHERSFIELD           1999            2003
 WILLINGTON             1999            2003
 WILTON                 2002            2006
 WINCHESTER             2002            2006
 WINDHAM                2001            2005
 WINDSOR                1999            2003
 WINDSOR LOCKS          1999            2003
 WOLCOTT                2000            2004
 WOODBRIDGE             2000            2004
 WOODBURY               1999            2003
 WOODSTOCK              2000            2004

    (2)   FOR   THE  ASSESSMENT  DATE  FOUR  YEARS
FOLLOWING THE DATE OF THE  SUBSEQUENT  REVALUATION
REQUIRED  UNDER SUBDIVISION (1) OF THIS SUBSECTION
AND EVERY FOURTH YEAR THEREAFTER, THE ASSESSOR  OR
BOARD  OF  ASSESSORS SHALL REVALUE ALL OF THE REAL
ESTATE IN THEIR RESPECTIVE MUNICIPALITIES.
    (3)  ANY  MUNICIPALITY REQUIRED TO REVALUE ALL
REAL PROPERTY FOR ASSESSMENT YEAR  1997  OR  1998,
WHICH   REVALUED   SUCH   REAL  PROPERTY  FOR  THE
ASSESSMENT YEAR 1996, SHALL  NOT  BE  REQUIRED  TO
REVALUE FOR ASSESSMENT YEAR 1997 OR 1998 BUT SHALL
BE REQUIRED  TO  REVALUE  ALL  REAL  PROPERTY  FOR
ASSESSMENT YEAR 2002.
    (c)   During   the   conduct   of  any  [such]
revaluation in accordance with this section in any
municipality  and during a period of not less than
twelve months immediately following  the  date  on
which  such  revaluation  becomes  effective,  any
criteria, guidelines, price schedules or statement
of  procedures  used  in  such  revaluation by the
assessors or  any  revaluation  company  shall  be
available  for public inspection in the assessor's
office in such municipality in the manner provided
for  public  records  in subsection (a) of section
1-19.  Any  such   criteria,   guidelines,   price
schedules   or   statement   of  procedures  shall
continue to be  available  for  public  inspection
until   the  next  revaluation  of  real  property
becomes  effective.   The   provisions   of   this
subsection   shall   be  applicable  to  any  such
criteria, guidelines, price schedules or statement
of  procedures  placed  on file in such assessor's
office on or after October 1, 1996.
    (d)  Written notice of the implementation of a
revaluation shall be filed by the chief  executive
officer  of the municipality with the Secretary of
the Office of Policy and Management.  Such  notice
shall  be  filed not later than five business days
following the date  on  which  final  action  with
respect  to  the  establishment of a mill rate for
the revalued grand list is taken. Any municipality
which  fails to comply with the provisions of this
section shall forfeit ten per cent  of  the  total
amount   of   state  grants-in-aid  determined  by
statutory formula, as of the date certification of
payment   is   required   to   be   made  to  such
municipality, for the fiscal year  next  following
the  October  first  assessment  date on which the
required revaluation  was  not  implemented.  Such
forfeit    shall   be   based   upon   the   state
grants-in-aid which are included in  the  estimate
prepared  by the Secretary of the Office of Policy
and Management pursuant to section 4-71b. For each
succeeding assessment year in which the provisions
of this section are  not  met,  such  municipality
shall   forfeit   ten   per  cent  of  such  state
grants-in-aid. If the  secretary  determines  that
such  a  forfeit  is  required, he shall cause the
certification made to the  State  Comptroller  for
each  such  grant-in-aid  to  the municipality, to
reflect  the   amount   of   reduction   in   such
grant-in-aid. The secretary may waive such forfeit
if, in his opinion, there appears to be reasonable
cause  for the municipality not having implemented
a revaluation  as  required,  provided  the  chief
executive  officer  of  the municipality submits a
written request  for  such  waiver.  Such  request
shall  include  the  reason for the failure of the
municipality to comply with the provisions of this
section.  The  secretary  shall  promptly consider
such request and shall,  within  fifteen  business
days,  notify  the municipality of his decision to
grant or deny a waiver of the forfeit.  Reasonable
cause  shall  include, but not be limited to (1) a
postponement of a revaluation in any town or city,
provided  such  postponement  is  allowed  by  the
secretary in accordance  with  the  provisions  of
section  12-117,  or  is  ordered  by the superior
court for  the  judicial  district  in  which  the
municipality  is  located, (2) failure on the part
of any  person  or  organization  performing  such
revaluation under contract to complete contractual
duties to the satisfaction of the municipality  or
(3)  the  death or serious illness of the assessor
during the conduct of a revaluation, which results
in a delay of its implementation.
    (e)  Any assessor required to view by physical
observation OR TO REVALUE all  real  estate  in  a
municipality by the provisions of this section may
designate  a  revaluation  company  certified   in
accordance with section 12-2b to view and evaluate
OR TO EVALUATE, pursuant to a methodology approved
by  such assessor, all or any portion of such real
estate, provided nothing in this subsection  shall
relieve  any  assessor  of  any  other requirement
relating  to  such  revaluation  imposed  by   any
provisions  of the general statutes, any public or
special act or any municipal charter.
    (f)  The  assessor or board of assessors shall
send written notice by mail  of  each  revaluation
conducted  pursuant to this section to each person
whose property was  revalued.  Such  notice  shall
include   information   describing   the  property
owner's rights to  appeal  the  valuation  of  his
property,  including the manner in which an appeal
may be filed with the board of assessment appeals.
THE WRITTEN NOTICE SHALL BE MAILED NO EARLIER THAN
THE ASSESSMENT DATE AND NO LATER  THAN  THE  TENTH
CALENDAR  DAY  IMMEDIATELY  FOLLOWING  THE DATE ON
WHICH  THE  GRAND  LIST  ABSTRACT  IS  SIGNED  AND
ATTESTED TO BY THE ASSESSOR OR BOARD OF ASSESSORS.
THE ASSESSOR OR BOARD OF ASSESSORS MAY REQUIRE THE
REVALUATION COMPANY TO SEND SUCH WRITTEN NOTICE.
    (g)    Notwithstanding   the   provisions   of
subparagraph (B) of subdivision (1) of  subsection
(a)  of  this  section  any town which has entered
into  an   agreement   to   conduct   a   physical
revaluation for a contiguous town and which levies
real property taxes on the basis of a  revaluation
that  was  implemented  for  the  assessment  year
commencing  October  1,  1987,   shall   for   the
assessment   year   commencing  October  1,  1999,
revalue  all  such  real  property   by   physical
observation.
    Sec.   2.   Section   12-62a  of  the  general
statutes  is  repealed  and   the   following   is
substituted in lieu thereof:
    (a)  Each  municipality, as defined in section
7-381, shall establish a uniform  assessment  date
of  October  first.  [,  commencing not later than
October  1,  1978,  for  the  assessment  of   all
property  other than motor vehicles and October 1,
1976, for the assessment of  motor  vehicles.  Any
municipality  with  an  assessment date other than
October  first  may,  by   vote   of   the   local
legislative body, have two assessment dates in the
same calendar year in each such year prior to  and
including  the  year  in  which  such municipality
converts to a uniform assessment date  of  October
first.]
    (b)  Each  such municipality shall [, no later
than the close of its  next  revaluation  required
under the provisions of section 12-62,] assess all
property for purposes of the local property tax at
a uniform rate of seventy per cent of present true
and actual  value,  as  determined  under  section
12-63.
    (c) Repealed by P.A. 96-171, S. 15, 16.
    (d) Repealed by P.A. 96-171, S. 15, 16.
    (e)  Commencing  October  1,  1996,  any  such
municipality may, with respect to  the  assessment
list  in  such  municipality  in a year in which a
revaluation becomes effective, as  required  under
section  12-62,  [provided  such  revaluation  has
resulted in an  increase  in  the  total  assessed
value  of all real property on the assessment list
in   the   year   immediately    preceding    such
revaluation]  AS AMENDED BY SECTION 1 OF THIS ACT,
by vote of its legislative body and in the  manner
provided in this subsection, defer all or any part
of the  amount  of  [such]  ANY  increase  in  the
assessed  value  of  real property included in the
assessment  list  in  the  year  such  revaluation
becomes  effective,  provided  in  the  year  such
revaluation   becomes   effective   and   in   any
succeeding year in which such deferment is allowed
by such municipality, the assessed value of [such]
ANY   real   property   in  the  year  immediately
preceding revaluation shall be increased  in  such
equal  amounts  in  each  of  such  years that the
assessed value of such real property in  the  last
year of such deferment, but in no event later than
the  third  year  following  the  year   of   such
revaluation,  shall  be  no less than the assessed
value applicable to such property in the  year  of
revaluation except for deferment of such increased
assessment in accordance with this subsection.  In
any  municipality with such a revaluation becoming
effective and electing to defer all or any part of
the  amount of such increase in the assessed value
of real property over the period  of  three  years
immediately   following,   as   provided  in  this
subsection, subject to approval by the legislative
body  as  provided  above  with  respect  to  real
property included in the assessment  list  in  the
year   of   such   revaluation,  new  real  estate
construction  in  such   municipality   which   is
completed and determined to be subject to property
tax  as  provided  in  section  12-53a  after  the
assessment  date  in  the year of such revaluation
and prior to the assessment date in the third year
following  the  year  of  such revaluation, may be
assessed during such period in a manner similar to
that provided in this subsection for real property
included in the assessment list  in  the  year  of
such  revaluation,  deferring  a  portion  of  the
actual assessed value of such new construction  as
of   the   date  liability  for  property  tax  is
established  and  adding  such  portion  in  equal
increments  to  an  assessed  value  for  such new
construction estimated as that  which  would  have
been   applicable   if   it   had  been  completed
immediately prior to the assessment  date  in  the
year  of  such  revaluation, such increments to be
added in each assessment year commencing with  the
year  in  which  liability  for property tax is so
established and ending not later  than  the  third
year  following  the year of such revaluation. The
assessed value for purposes of this subsection  in
each  of said years shall be determined as the sum
of (1) such estimated assessed value  (2)  any  of
the   equal   increments  already  added  to  such
estimated value for purposes  of  determining  the
assessed  value in accordance with this subsection
and (3) the increment for the year with respect to
which such assessed value is being determined. The
portion of the actual assessed value of  such  new
construction  as  of  the  date  of such liability
which is to be deferred and added in increments to
such  estimated assessed value shall be the amount
by which the actual assessed  value  of  such  new
construction  on  the  date  tax  liability  is so
established exceeds the estimated  assessed  value
for  such  new  construction  as described in this
subsection.
    (f)  Any  municipality  which  has  elected to
defer all or any part of the amount of increase in
the assessed value of real property as provided in
subsection (e) may (1) continue the plan  of  such
deferment  as  approved by the legislative body of
such municipality until the third  year  following
the  year  of such revaluation as provided in said
subsection (e) or (2)  at  any  time,  subject  to
approval   by   the   legislative   body  in  such
municipality,  discontinue  the   plan   of   such
deferment   as  adopted  and  notwithstanding  the
provisions of section 7-344 and any  other  public
or  special  act  or  charter,  lay  such  rate of
property  tax  on  the  assessment  list  for  the
assessment   year  in  which  such  discontinuance
occurs,  as  completed  and  placed  in  the  town
clerk's  office  in accordance with section 12-55,
AS AMENDED BY SECTION 5 OF THIS ACT,  without  any
deferment  of  amounts  of  increase  in  assessed
values in accordance with said subsection (e),  in
the  amount  that  would have been applicable with
respect to said assessment list if  such  plan  of
deferment  had  not been adopted. In the event any
such tax in accordance with  said  subsection  (e)
has been levied and become due and payable in such
assessment  year  prior  to  the  date   of   such
discontinuance as provided in this subsection, the
amount  of  tax  due  and   payable   under   this
subsection  shall  be  that portion of such tax in
excess of the amount of tax due and payable  prior
to  the  date  of  such  discontinuance  and which
amount,  notwithstanding  discontinuance  of  such
plan   of   deferment,   shall   continue   to  be
collectible by the tax collector. Within a  period
not  exceeding  thirty  days following the date on
which such plan of deferment is discontinued,  the
assessor in such municipality shall notify the tax
collector as to the additional amounts of such tax
due  with  respect  to the assessment list for the
assessment  year  in  which  such   discontinuance
occurs and the tax collector shall within ten days
thereafter mail a bill to the owner of each parcel
of  real  property subject to such additional tax.
Such tax shall be due and payable and  collectible
as  other  municipal property taxes, provided such
tax shall be due and  payable  in  an  initial  or
single  instalment  not  sooner  than  thirty days
following the date such  bill  is  mailed  to  the
owner  and  in  any remaining instalments of equal
amounts as the same are determined to be  due  and
payable by the legislative body.
    (g) Repealed by P.A. 83-465, S. 3, 4.
    Sec.   3.   Section   12-63c  of  the  general
statutes  is  repealed  and   the   following   is
substituted in lieu thereof:
    (a)   In  determining  the  present  true  and
actual value in any town  of  real  property  used
primarily for purposes of producing rental income,
the assessor, which term  whenever  used  in  this
section   shall   include  assessor  or  board  of
assessors, shall have power to require, subject to
the  conditions in subsection (b) of this section,
in the conduct of any appraisal of  such  property
pursuant  to  the  capitalization  of  net  income
method, as provided in section  12-63b,  that  the
owner  of  such  property  annually submit or make
available to the assessor not later than the first
day of June, on a form prescribed by the Secretary
of the Office of Policy and Management or approved
in   accordance   with  section  12-61,  the  best
available information disclosing the actual rental
and  rental-related  income and operating expenses
applicable to such property.
    (b)  [The  power  of  the  assessor to require
submission or availability of information  related
to  actual  rental  and  rental-related income and
operating expenses with respect to the use of  any
real  property  used  primarily for the purpose of
producing   rental   income,   as   described   in
subsection  (a),  shall only be applicable to such
information in relation to the last  three  income
years  of  the  owner of such property immediately
preceding a revaluation of all  real  property  in
such  town  as  required under section 12-62.] Any
such information  related  to  actual  rental  and
rental-related  income  and operating expenses and
not already a matter of  public  record  which  is
submitted  or made available to the assessor shall
not be subject to the provisions of section 1-19.
    (c)   If   upon   receipt  of  information  as
required under subsection (a) of this section  the
assessor  finds  that  such  information  does not
appear to reflect actual rental and rental-related
income   or  operating  expenses  related  to  the
current   use   of   such   property,   additional
verification  concerning  such  information may be
requested by the assessor. Any person claiming  to
be   aggrieved  by  the  action  of  the  assessor
hereunder may appeal the actions of  the  assessor
to   the  board  of  assessment  appeals  and  the
Superior  Court  as  otherwise  provided  in  this
chapter.
    (d)  Any  owner of such real property required
to submit or make  available  information  to  the
assessor in accordance with subsection (a) of this
section for any  assessment  year,  who  fails  to
submit  such  information  or  fails  to  make  it
available as required under said subsection (a) or
who  submits  information or makes it available in
incomplete or false form with intent  to  defraud,
shall  be subject to a penalty assessment equal to
a ten per cent increase in the assessed  value  of
such property for such assessment year.
    Sec.   4.   Section   12-62h  of  the  general
statutes  is  repealed  and   the   following   is
substituted in lieu thereof:
    [(a)  Notwithstanding  any  provision  of this
title,   the   local   legislative   body   of   a
municipality   may,   at   its  option,  stay  the
implementation of such municipality's  October  1,
1993,  1994, or 1995 revaluation, for a period not
to exceed three years, two  years  and  one  year,
respectively,    in   order   to   implement   the
recommendations  of  the   Property   Tax   Reform
Commission  enacted during the 1995 session of the
General Assembly  and  any  revisions  thereto  as
enacted  during  the  1996  session of the General
Assembly. On or before the date by  which  a  mill
rate  to provide for the levy of taxes relative to
any  such  assessment  year  is  established,  any
distressed  municipality, as defined in subsection
(b) of section 32-9p, shall by  majority  vote  of
its  legislative  body  approve  such stay and any
municipality, other than a distressed municipality
shall  by  two-thirds vote of its legislative body
approve  such   stay.   The   assessors   of   any
municipality   in   which   the  legislative  body
approves a stay of revaluation in accordance  with
the  provisions  of  this  section  may  use  such
municipality's most recently completed grand  list
prior  to revaluation as updated by any additions,
deletions, splits, combinations and other  changes
in  ownership  as of the October first date which,
except for such approval, would be  the  effective
date   of  revaluation.  Alternatively,  any  such
municipality, except a  municipality  implementing
revaluation  as of October 1, 1995, may commence a
phase-in of its revaluation pursuant to subsection
(e)  of  section  12-62a  or  section  12-62c with
respect to such assessment year and may after  the
first  year  of  such  phase-in  stay  the further
implementation of such phase-in.
    (b)  (1)  The  assessor  of  each municipality
having stayed the implementation of an October  1,
1993,  1994,  or  1995  revaluation, shall, on the
grand list  for  the  assessment  year  commencing
October  1,  1996,  reflect assessments based upon
the revaluation that was stayed.]
    (a)  The  assessor of each municipality having
stayed the further implementation of phase-in with
respect to a revaluation implemented on October 1,
1993, shall, on the grand list for the  assessment
year  commencing  October 1, 1996, recommence such
phase-in by reflecting  assessments  that  include
the  incremental value that would, except for such
stay, have  been  added  in  the  assessment  year
commencing   October   1,   1994,   and  for  each
assessment year thereafter, until the term of  the
phase-in   as   adopted  by  the  municipality  is
completed,   such    assessors    shall    reflect
assessments  which  include  the  addition  of the
applicable phase-in  increment.  Any  municipality
which  has  elected  to  defer  all or part of the
increase in the assessed value  of  real  property
pursuant  to section 12-62a, AS AMENDED BY SECTION
2 OF THIS ACT, or 12-62c, shall, as of October  1,
1996,  reflect ownership and valuation changes for
each assessment year during such stay.
    [(2)]  (b)  Notwithstanding  the provisions of
any special act or this section, any  municipality
which elected to defer further implementation of a
phase-in adopted pursuant to  section  12-62c,  or
pursuant  to  subsection (e) of section 12-62a, AS
AMENDED BY SECTION 2 OF THIS ACT, may continue  to
defer  the further implementation of such phase-in
for the assessment  years  commencing  October  1,
1995,  and October 1, 1996, provided ownership and
appropriate valuation changes with respect to such
assessment  years  shall  be  reflected. The grand
list of any such municipality for  the  assessment
year  commencing  October  1,  1997, shall include
assessments that reflect seventy per cent  of  the
fair  market  value of real property as determined
in accordance with said revaluation.
    Sec.  5. Section 12-55 of the general statutes
is repealed and the following  is  substituted  in
lieu thereof:
    (a)  When  the  lists of any town have been so
received or made  by  the  assessor  or  board  of
assessors,   they  shall  equalize  the  same,  if
necessary, and  make  any  assessment  omitted  by
mistake  or required by law. The assessor or board
of  assessors  may  increase   or   decrease   the
valuation  of  property  as  named  in any of such
lists or in the last-preceding grand list, but, in
each  case  of  any  increase in valuation of such
property above the valuation, if  any,  stated  by
the person filing such list or in each case of any
increase of valuation above the valuation of  such
property  in the last-preceding grand list, except
with  respect  to  the  valuation  of  any   motor
vehicle, they shall send written notice by mail of
such increase in accordance with subsection (b) of
this  section OR IN ACCORDANCE WITH SUBSECTION (f)
OF SECTION 12-62, AS AMENDED BY SECTION 1 OF  THIS
ACT,  IN  THE  YEAR OF A REVALUATION, including in
such notice the valuation prior to and after  such
increase  with  respect  to  each  parcel  of real
property,  [or  any  improvement   thereon,]   the
valuation  of  which  has  been  increased, to the
last-known address of the  person  whose  list  or
valuation is so changed. Such notice shall include
information describing  the  manner  in  which  an
appeal  may  be filed with the board of assessment
appeals. When such lists have been  so  completed,
the  assessor  or board of assessors shall arrange
such lists in alphabetical  order  and  lodge  the
same,  except  as  otherwise specially provided by
law, in the town clerk's or assessors' office,  on
or  before  the  thirty-first  day of January, for
public  inspection.  Such  assessor  or  board  of
assessors  shall  make  an abstract of such lists,
including the twenty-five per cent added  thereto,
shall take and subscribe the oath provided by law,
which  shall   be   certified   by   the   officer
administering   the  same  and  endorsed  upon  or
attached  to  such  abstract,   and,   except   as
otherwise  specially  provided by law, shall lodge
such abstract in the town clerk's  office,  on  or
before  the thirty-first day of January next after
the date prescribed for the filing of such  lists,
for  public  inspection.  For  the  grand  list of
October 1, 2000, and each grand  list  thereafter,
each assessor who signs the grand list of the town
shall  be  certified  in   accordance   with   the
provisions  of  section  12-40a.  Any  assessor or
board of assessors of any town who fails to comply
with  any provision of this section shall be fined
five dollars.
    (b)  The written notice of assessment increase
as required in  subsection  (a)  of  this  section
shall  be  mailed  no  earlier than the assessment
date and no later  than  the  tenth  calendar  day
immediately  following the date on which the grand
list abstract is signed and  attested  to  by  the
assessor or board of assessors. If such assessment
increase notice is sent later than the time period
herein  prescribed,  such  increase  shall  become
effective on the next succeeding grand list.
    Sec.  6.  This  act shall take effect from its
passage.

Approved June 27, 1997