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SB 761 Connecticut Senate · 2025 Regular Session

AN ACT INCREASING THE AMOUNT OF THE HOMESTEAD EXEMPTION.

SB 761 increases the homestead exemption for property taxes from $250,000 to $500,000, protecting a larger portion of a primary home's value from taxation. This change directly affects homeowners in the state who claim the homestead exemption, reducing their property tax burden on the first $500,000 of their home's value. The bill amends Section 52-352b of the general statutes to implement this doubling of the exemption amount. Its stated purpose is to safeguard home ownership by providing greater tax relief for residents.
Issues: ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead exemption from $250k to $500k, reducing property tax burden for homeowners and providing direct tax relief to primary residences.95% confidence ✓ HousingSupports HousingIncreases homestead exemption to reduce property tax burden for homeowners, directly safeguarding home ownership per bill's stated purpose.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 17, 2025 Last action Jan 17, 2025
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Total actions
1
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0
Committee
1
Jan 17, 2025
Committee
REF. TO JOINT COMM. ON Judiciary
upper
0 primary · 0 co-sponsors

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