AN ACT CONCERNING THE TAX ASSESSMENT OF COMMON INTEREST COMMUNITY UNITS UPON THE REDUCTION OF MUNICIPAL SERVICES.

HB 5189 allows municipalities to lower the property tax assessment for units within common interest communities (like condominiums or planned developments) when specific municipal services - such as garbage collection, trash disposal, or road maintenance - are reduced or eliminated for that unit. It directly affects homeowners in these communities whose tax bills may decrease if their local government stops providing certain services. The bill requires municipalities to adjust the tax assessment downward upon the reduction of those named services, rather than continuing to assess based on full service provision. This change provides a mechanism for tax relief tied directly to the actual reduction in municipal services received.