[Adopted 10-1-2001]
A.
The Assessor may enter into a written agreement with
any owner of any real property located in Meriden who agrees to rehabilitate
such real property with assistance provided by the Connecticut Housing
Finance Authority under the Urban Rehabilitation Homeownership Program.
Such agreement shall provide that any increase in assessment attributable
to such rehabilitation shall be deferred for a period of five years
from the date such rehabilitation is completed.
B.
C.
Such agreement shall also provide that in the event
of general revaluation in the year in which such rehabilitation is
completed resulting in any increase in the assessment of such property,
only that portion of the increase resulting from such rehabilitation
shall be deferred, and in the event of a general revaluation in any
year after the year in which such rehabilitation is completed, such
deferred assessment shall be increased or decreased in proportion
to the increase or decrease in the total assessment on such property
as a result of such general revaluation.
A.
Effective as of the Grand List of 2000, the property
tax exemptions authorized by Subsections (7) to (16) inclusive of
§ 12-81 of the Connecticut General Statutes, as amended,
shall be effective as of the date the tax-exempt organization recording
of the deed or other instrument on the land records which conveys
the property to which the exemption applies. The Assessor shall issue
a notice to the Tax Collector of the date on which such property is
exempt. The Tax Collector shall, if such notice is received after
the normal billing date, within 30 days thereafter issue a corrected
or prorated tax bill for such property, such that no tax shall be
due for the portion of the grand list assessment year for which the
property was exempt.
B.
Any tax paid by such tax-exempt organization for a
period subsequent to said date shall be reimbursed to the tax-exempt
organization by the Tax Collector within 30 days of receipt of the
notice from the Assessor of the tax-exempt status of the property.
C.
Any tax paid by the prior owner for a period subsequent
to said date for which the tax-exempt organization reimbursed or credited
such owner on the transfer of title to such property shall likewise
be reimbursed to such tax-exempt organization by the Tax Collector.