What forms of property are subject to assessment in Connecticut?

In Connecticut, the forms of property that are subject to assessment encompass real property, personal property, and motor vehicles. This is aligned with the state's comprehensive approach to property taxation, which includes various types of assets that individuals and businesses may own.

Real property refers to land and any structures attached to it, such as buildings or other improvements. Personal property includes items that are movable and not permanently affixed to a piece of land, such as machinery, equipment, and furniture used in businesses. Motor vehicles, which include cars, trucks, and buses, are also assessed as they represent a significant asset that individuals and businesses own.

This broad assessment base allows municipalities to generate revenue necessary for local government services and infrastructure. By assessing all three types of property, Connecticut creates a fairer taxation system that ensures all property owners contribute to the community based on their holdings. This approach is essential for effective tax administration and equitable distribution of tax responsibilities among citizens.