On April 1, 2020, Governor Ned Lamont signed Executive Order No. 7S, which, among other things, provides property tax relief to certain taxpayers impacted by COVID-19.
Under the “Deferment Program,” from March 10, 2020 through July 1, 2020 each municipality will have the right to allow eligible taxpayers the ability to defer payments of tax on real property, personal property or motor vehicles, municipal water, sewer and electric charges, or assessments by ninety days from the original due date of the payments. Eligible taxpayers must attest that they have been negatively impacted by COVID-19. Landlords may be eligible for the program if they prove that the rented property will suffer significant income decline and that a commensurate forbearance was offered to their tenants.
Pursuant to the “Low Interest Rate Program,” any underpayment of tax on real property, personal property or motor vehicles, municipal water, sewer and electric charges, or assessments due between March 10, 2020 and July 1, 2020 shall be subject to a 3% interest rate (unless a lower rate is standard, in which case that lower rate will apply) for 90 days from the due date of the payment. After 90 days, interest will run at the standard rate used by the municipality. Also under the Low Interest Rate Program any underpayment of tax on real property, personal property or motor vehicles, municipal water, sewer and electric charges, or assessments that was outstanding on March 10, 2020 will be subject to a 3% interest rate (unless a lower rate is standard, in which case that lower rate shall apply) for 90 days from April 1, 2020. After 90 days, interest will run at the standard rate used by the municipality. Landlords are only eligible for the program if they offer commensurate forbearance to their tenants upon request.