Transfer Of TitleTaxesMEDIUM
Connecticut property is assessed at what percentage of fair market value?
Correct Answer
B) 70%
Connecticut property is assessed at 70% of fair market value.
Answer Options
A
100%B
70%C
50%D
30%Video Explanation2 min
Audio Lesson2 min
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Related Topics & Key Terms
Related Topics:
property-tax-calculationconnecticut-real-estate-lawmarket-value-vs-assessed-value
Key Terms:
assessment ratiofair market valueConnecticut General Statutes 12-62aproperty taxrevaluation
Related Concepts
Many states have laws to limit how much property taxes can increase each year, regardless of market value fluctuations.
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