SB 101

General Assembly  Proposed Bill No. 101
   February Session, 2026  LCO No. 502
 Referred to Committee on  FINANCE, REVENUE AND
 BONDING
 Introduced by:
  SEN. LOONEY, 11th Dist.
 AN ACT ESTABLISHING A STATE-WIDE PROPERTY TAX ON
 CERTAIN RESIDENTIAL REAL PROPERTY.
 Be it enacted by the Senate and House of Representatives in General
 Assembly convened:
1That the general statutes be amended to establish a state-wide
2    property tax at the rate of (1) 2 mills on residential real property with an
3    assessed value of more than three million dollars but less than five
4    million dollars, (2) 3 mills on residential real property with an assessed
5    value of five million dollars or more but less than ten million dollars,
6    and (3) 4 mills on residential real property with an assessed value of ten
7    million dollars or more.
    Statement of Purpose:
    To establish a state-wide property tax on residential real property with
    assessed values of more than three million dollars.
 LCO No. 502  1 of 1