Repealing Connecticut’s estate tax is a solution in search of a problem. Nonetheless, momentum appears to be building to eliminate a levy paid by the super-wealthy, a tiny clique who have already benefitted enormously from last year’s federal tax law.
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The Property Tax, which is collected by municipalities, has the largest tax impact on Connecticut households.
The Property Tax’s $7.3 billion impact equates to almost 42% of the entire tax incidence. The Personal Income Tax accounts for 1/3 of the tax incidence, Sales and Use is almost 15% and Excise Taxes are 4%.
An in-depth analysis of the constitutionality of Connecticut’s fiscal guardrails, written by Alex Knopp, PUBLISHED IN JANUARY 2025.
The Property Tax Working Group provides the public, news media and elected officials with information, data, and investigative reports highlighting responsible tax policy alternatives for the State of Connecticut.
A project of 1000 Friends of Connecticut, the Property Tax Working Group shares the latest news, perspectives and relevant background as issues are considered by state policymakers.
A PLAN FOR PROPERTY TAX REFORM IN CONNECTICUT, UPDATED IN DECEMBER 2022.
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