[7-28-2014]
In accordance with § 12-63c(a) of the Connecticut General Statutes, the owner of property used primarily for the purpose of producing rental income shall annually submit to the Assessor not later than the first day of June the best information disclosing the actual rental and rental-related income and operating expenses applicable to such property, and submission of such information may be required whether or not the City is conducting a revaluation of all real property pursuant C.G.S. § 12-62.
[7-28-2014]
Any owner of such real property required to submit such information
to the Town of Durham Assessor, in accordance with § 12-63c(a)
of the Connecticut General Statutes, for any assessment year, who
fails to submit the information or submits incomplete or false information
shall be subject to a penalty equal to a ten-percent increase in the
assessed value of such property for that assessment year.
[7-28-2014]
In accordance with § 12-63c(d) of the Connecticut
General Statutes, the Assessor or the Board of Assessment Appeals,
for good cause shown, may waive the ten-percent assessment penalty
upon receipt of a completed income and expense statement prior to
the end of the assessment year following the original due date of
the statement.
