OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

SB-377

AN ACT AMENDING THE CHARTER OF THE ODD FELLOWS HOME OF CONNECTICUT.


OFA Fiscal Note

State Impact: None

Municipal Impact:

Municipalities

Effect

FY 18 $

FY 19 $

Groton

Revenue Loss

See Below

See Below

Explanation

The bill results in a revenue loss of approximately $300,000 per year to Groton. The bill seeks to clarify the tax-exempt status of the Odd Fellow's Home in the wake of an ongoing legal dispute between Groton and the Home. Prior to 2012, the Home had been tax-exempt. The town has been taxing the Odd Fellow's Home based upon their interpretation of a 2012 public act, which they believe removed the Odd Fellow's Home's entire exemption once it had reached an appraised value of over $25 million. The Home has been paying property taxes on its entire assessment in protest despite interpreting the 2012 bill as instead removing the tax exemption for any assessment over $25 million.

Currently, the Home is assessed at $19 million. To the extent that the bill requires that any assessed value below $25 million is tax exempt, Groton will lose approximately $300,000 annually in revenue.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.

Sources:

Groton Assessor's Office