What term refers to the allocation of taxes based on changes in property ownership?

Prepare for the Connecticut Municipal Assessor Certification Test. Engage with comprehensive flashcards and multiple choice questions, complete with hints and explanations. Master your exam!

The term that refers to the allocation of taxes based on changes in property ownership is apportionment. Apportionment involves determining how taxes are distributed among different properties, particularly when ownership changes occur. It ensures that tax liabilities are fairly assigned according to the current ownership status of a property, reflecting any changes in value or use that may have arisen from the transfer of ownership.

This process is critical for maintaining revenue stability for municipalities, as it allows for a timely and equitable adjustment of tax responsibilities when properties are sold or otherwise transferred. Understanding apportionment in this context is essential for assessors as they work to accurately reflect the value and tax obligations of properties within their jurisdiction.

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