JUST ADDED! Property Tax Paperwork Perfected: Mastering the Big Three Forms
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
CTCPA members are frequently asked to assist their business and nonprofit clients with the completion of filings that have significant property tax ramifications.
Join us for this interactive seminar with Attorney Gregory F. Servodidio, CRE, and William Lee, CCMA II, Assessor from the City of Norwich, to get answers to your questions and help your company and/or clients avoid pitfalls that have significant property tax ramifications if these forms are not completed accurately:
- By June 1 of each year, the owners of rental income producing properties are obligated to complete income and expense (I&E) forms that will be relied upon in establishing their real property tax assessments at revaluation time.
- By November 1 of each year, businesses are required to file their annual personal property declarations (PPDs) and related exemption forms which will be used to generate personal property assessments.
- Finally, by November 1, 2025, nonprofits must file the so-called quadrennial report (Form M-3) in order to secure and maintain property tax exemptions to which they are entitled.
Objectives
After completing this session, participants will be able to:
- List the property tax filings required for rental property owners, businesses, and nonprofits, along with their annual deadlines.
- Explain how income and expense (I&E) forms are used in determining real property tax assessments.
- Describe the purpose and filing requirements of personal property declarations (PPDs) and related exemption forms.
- Summarize the role of the quadrennial report (Form M-3) in securing nonprofit property tax exemptions.
- Analyze the risks of inaccurate or incomplete filings and recommend strategies to help clients avoid adverse property tax outcomes.
Notice
By registering for this program and, accordingly, receiving the eMaterials, you're acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.
Leader(s):
- Gregory Servodidio, Pullman & Comley LLC
- William Lee, Assessor, Norwich City Hall
Leader Bios
Gregory Servodidio, Pullman & Comley LLC
As chair of the firm’s Property Tax and Valuation Department, Gregory F. Servodidio focuses his practice on representing businesses, nonprofits and individuals in commercial property tax appeals and eminent domain proceedings.
He advocates for property owners and lessees throughout Connecticut seeking equitable assessments of their real and personal property by municipal tax assessors. He represents clients in negotiations with municipal officials, revaluation companies and personal property audit firms, and contests inequitable assessments before local boards of assessment appeals and in Superior Court. In addition, he assists taxpayers with the filing of personal property declarations, income and expense statements and exemption applications, the preparation of property tax projections and the negotiation of property tax related agreements such as property tax stabilization agreements. Greg also represents individuals and entities seeking just compensation for their property completely or partially taken by eminent domain. He has litigated numerous property tax and eminent domain appeals before the Superior, Appellate and Supreme Courts of Connecticut over more than 25 years.
Greg is a member of the Institute for Professionals in Taxation and has been published in its Property Tax Report, as well as the Commercial Record, the Journal of Property Tax Management, the New England Real Estate Journal and the Hartford Business Journal. He co-authored the Connecticut chapters of the American Bar Association’s Property Tax Deskbook and Fifty-State Survey: The Law of Eminent Domain and lectures frequently on property tax and eminent domain issues. He was appointed by the Connecticut Tax Court to co-chair an advisory committee on the implementation of Public Act 95-283, which provided for significant property tax reform, and has advised the Tax Court subsequently.
Non-Member Price $124.00
Member Price $89.00