Senate leader pitches new state property tax on high-value homes

Looney said his statewide property tax would promote fairness in two ways. It would be progressive in nature, targeting only those with higher value homes. Also, it would provide predictability, he said. While some argue tax hikes aimed at the wealthy would drive them from Connecticut, Looney said the tax is tied to the property, not the owner. In other words, if a wealthy couple sells their home and leaves the state, the new owners still must pay the tax.

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