Sec. 12-504e. Conveyance tax applicable on change of use or classification of land.
Sec. 12-504e. Conveyance tax applicable on change of use or classification of
land. Any land which has been classified by the owner as farm land pursuant to section
12-107c, forest land pursuant to section 12-107d, open space land pursuant to section
12-107e or maritime heritage land pursuant to section 12-107g, if changed by him,
within a period of ten years of his acquisition of title, to use other than farm land, forest
land, open space land or maritime heritage land, shall be subject to said conveyance tax
as if there had been an actual conveyance by him, as provided in sections 12-504a and
12-504b, at the time he makes such change in use. For the purposes of this section: (1)
The value of any such property shall be the fair market value thereof as determined by
the assessor in conjunction with the most recent revaluation, and (2) the date used for
purposes of determining such tax shall be the date on which the use of such property is
changed, or the date on which the assessor becomes aware of a change in use of such
property, whichever occurs first.
(1972, P.A. 152, S. 5; P.A. 74-343, S. 3, 7; P.A. 05-190, S. 9; P.A. 07-127, S. 8; P.A. 08-124, S. 4.)
History: P.A. 74-343 specified classification within ten-year period of acquisition of title and made technical changes
for clarity; P.A. 05-190 revised provision re use of fair market value to determine value of property and added provision
re date used for determining the tax, effective July 1, 2005, and applicable to sales, transfers or changes in use of land
classified as farm land, forest land or open space land that occur on or after that date; P.A. 07-127 added references to Sec.
12-107g and maritime heritage land and made technical changes, effective July 1, 2007; P.A. 08-124 made a technical
change, effective June 2, 2008.
Cited. 176 C. 613.
Cited. 32 CS 82. Cited. 34 CS 52.