New tax abatement bill for first time homeowners advances

Towns could offer first time home owners up to $500 off a year for 5 years.

News 12 Staff

Mar 1, 2024, 7:08 PM

Updated 189 days ago

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State lawmakers advanced a new tax abatement bill for people who got a loan from the Connecticut Housing Finance Authority.
Towns could offer first time home owners up to $500 off a year for 5 years.
Some small towns oppose the tax break.
They say it just shifts the tax burden to other property owners.