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Ordinance committee advances updated farm-building tax-exemption to council; public hearing set for April 6
Summary
The ordinance committee approved updated local language to take advantage of a state law that allows municipalities to raise farm-building exemptions from $100,000 up to $500,000 per building; the change will go to the full council and a public hearing is scheduled for April 6.
The ordinance committee voted to advance updated language to chapter 187 (taxation) that would allow Torington to adopt local farm-building exemptions up to $500,000 per building, a change enabled by recent state legislation. Stacy Maldonado, who presented the ordinance language to the committee, said the update can be applied for the 2025 grand list and would be retroactive to Oct. 1, 2025.
Maldona…
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