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Greg Bordonaro

Some cities and towns see tax-break deals as key to economic growth

By , and , Hartford Business Journal | August 12, 2019

A number of Connecticut municipalities use tax breaks or incentives to stimulate growth. But for some, particularly cities like Hartford and New Haven with high tax rates, they can be the literal lifeblood of much of the economic development that occurs within their borders. Even towns with lower property-tax rates like Windsor resort to tax-fixing…

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A major tax deal for a prominent Hartford landlord

By and , Hartford Business Journal | August 12, 2019

A recent and notable tax-break deal the city of Hartford hatched in recent years was with one of its most prominent downtown landlords: Shelbourne Global. Shelbourne is a New York realty investor/developer/landlord that has purchased more than $200 million in Hartford real estate over the last few years, including some of downtown’s most prized Class…

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Hartford’s exorbitant commercial property tax curbs economic growth

By and , Hartford Business Journal | June 26, 2019

When D&D Market closed its Franklin Avenue storefront in Sept. 2016, Hartford lost more than a landmark small business. The third-generation family grocer, caterer and purveyor of fresh foods traces its Capital City roots back to 1932, when present-day owner Daniel D’Aprile’s grandfather opened a bustling market that became a mainstay on one of Hartford’s…

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Calculating a commercial property tax bill in Hartford

By , Hartford Business Journal | June 25, 2019

To calculate any property tax bill in Connecticut, an individual or business owner must multiply the assessed value of their property by a city’s or town’s mill rate and then divide by 1,000. In the 1970s, Connecticut passed a law that required all cities and towns to adopt a 70-percent assessment ratio. That means to…

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