An act relating to creating a residential property tax subclass for uninhabitable buildings

Summary

The bill lets municipalities assess a yearly fee on buildings classified as uninhabitable, using state‑issued guidance to define habitability. Property owners must pay the greater of 1% of the appraised value or $5,000 until the building is repaired, but can seek a pro‑rated abatement after fixing the property. It aims to encourage maintenance of vacant or unsafe structures and provide municipalities a tool for recovery of related costs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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