What requirements must a property meet for tax-exempt status in Connecticut?

For a property to qualify for tax-exempt status in Connecticut, it typically must be owned by non-profit organizations and used for charitable purposes. This aligns with the state's tax laws, which specify that certain types of organizations, such as those dedicated to charity, education, and religion, can have their properties exempt from taxes when they use those properties to fulfill their mission.

This requirement ensures that the tax benefits are directed towards entities that contribute to the community in a significant way, offering services or support that might otherwise need to be provided by the state or local government. It reflects the principle that properties used for community benefit should not be burdened with taxation, as that could hinder their operations and detract from their ability to serve the public good.

The other options do not accurately define the criteria for tax-exempt status. Properties being located in urban areas does not inherently grant tax exemption; ownership by individuals generally does not qualify for the status; and the requirement that properties must have no assessed value is incorrect since assessed values can vary but do not eliminate the need for properties to meet the ownership and usage criteria.