[Adopted 10-23-1973 by Ord. No.
68]
Pursuant to C.G.S. § 12-81(b), the
property tax exemption authorized by any of Subsections (7) to (16),
inclusive, of C.G.S. § 12-81 shall be effective as of the
date of acquisition of the property to which the exemption applies.
When the adjustment for taxes between the seller and buyer is made
on the fiscal-year basis, the exemption for the purposes of this article
shall also be made on a fiscal-year basis. When the tax-exempt organization
has paid a tax for a period subsequent to the date of acquisition
of the property or when the tax-exempt organization has reimbursed
the prior owner for taxes paid by said prior owner for a period subsequent
to the date of acquisition of the property, the Collector of Revenue
of the Town of Farmington is authorized and directed to reimburse
the tax-exempt organization for all such payments made by it for a
period subsequent to the date of acquisition of the property.
This article shall have no effect on taxes prior
to those on the list of October 1, 1972.
