Post by Logan on Jun 3, 2016 7:43:18 GMT -6
HARTFORD — Gov. Dannel P. Malloy has signed into law a bill that will provide some financial relief to victims of crumbling concrete foundations and help to prevent the problem in the future.
The bill requires properties to be reassessed for property tax purposes at the owner’s request as long as the property owner submits a copy of a written evaluation, prepared by a professional engineer, indicating the foundation contains defective concrete.
The new assessment will be valid for five years or until the foundation is fixed.
Homeowners who repair their foundations must notify their town’s assessor within 30 days, at which time the property will be revalued.
The bill, which Malloy signed Tuesday, also requires a property owner to provide his local building official with documentation showing the name of the concrete supplier and installer for structures built on or after Oct. 1.
Read more: www.journalinquirer.com/politics_and_government/malloy-signs-concrete-bill/article_baf5460c-28d8-11e6-b7f8-df1447812663.html
The bill requires properties to be reassessed for property tax purposes at the owner’s request as long as the property owner submits a copy of a written evaluation, prepared by a professional engineer, indicating the foundation contains defective concrete.
The new assessment will be valid for five years or until the foundation is fixed.
Homeowners who repair their foundations must notify their town’s assessor within 30 days, at which time the property will be revalued.
The bill, which Malloy signed Tuesday, also requires a property owner to provide his local building official with documentation showing the name of the concrete supplier and installer for structures built on or after Oct. 1.
Read more: www.journalinquirer.com/politics_and_government/malloy-signs-concrete-bill/article_baf5460c-28d8-11e6-b7f8-df1447812663.html