Concerned about the impact the current economic crisis may have on property owners the Senate voted 31 to 3 Wednesday in favor of a bill that allows cities and towns to delay the implementation of a recent property revaluation or the phase-in of a property revaluation until 2011.
Proponents of the bill like Sen. Majority Leader Martin Looney, said the City of New Haven is anxious to have this bill passed because a one-year delay will save residential taxpayers from a steep property tax hike during an economic crisis.
The average homeowner in New Haven faces a 5.4 percent tax hike next year if the city proceeds with the third year of its five-year property revaluation,
