What is the primary criterion for determining property tax exemption eligibility?

The primary criterion for determining property tax exemption eligibility is the ownership and use of the property on October 1st. In Connecticut, property tax assessments are based on a snapshot of property ownership and its use as of that specific date. This means that if a property is owned by an exempt entity or is being utilized for an exempt purpose (like nonprofit activities), the exemption is evaluated based on its status as of October 1st.

This date is significant because it aligns with the state’s tax assessment cycle, and it is the cutoff point for whether a property qualifies for different types of exemptions. For instance, properties owned by charitable organizations or used for educational purposes could be eligible for exemptions, but only if these criteria are met on that particular day.

Municipal approval, while relevant for some specific exemptions, is not the overarching criterion. Similarly, the market value of the property does not directly impact eligibility for exemption status—an exempt property still maintains a market value but may not be subject to taxation due to its qualifying use or ownership. The use of the property on August 1st is outside the assessment timeline and therefore does not apply to exemption eligibility determination.