Connecticut § 8-216a - Capitalized value of net rental income, basis for property valuation.
Full text of Connecticut Connecticut General Statutes § 8-216a — Capitalized value of net rental income, basis for property valuation., with citation guidance and answers to common questions.
§ 8-216a. Capitalized value of net rental income, basis for property valuation.
Sec. 8-216a. Capitalized value of net rental income, basis for property valuation. (a) Notwithstanding any provision of the general statutes or special act, the present true and actual value of any real property used for housing solely for low or moderate-income persons or families, as defined in section 8-202, on which rents or carrying charges are limited by regulatory agreement with, or otherwise regulated by, the federal or state government or any department or agency thereof, shall be based upon and shall not exceed the capitalized value of the net rental income of such real property. For purposes of this section, “net rental income” means the gross income of any real property used for housing solely for low or moderate-income persons or families as limited by the schedule of rents or carrying charges, less reasonable operating expenses and property taxes.
(b) Any modification, amendment, or replacement of a contract already in existence on or before October 1, 1973, shall not be subject to the provisions of subsection (a) of this section without the mutual consent of the parties thereto.
(P.A. 73-642, S. 3, 4; P.A. 24-143, S. 9.)
History: P.A. 24-143 substantially revised Subsec. (a) to apply net rental income assessment method to all real property used for housing solely for low or moderate-income persons or families.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 8-216a
What does Connecticut General Statutes § 8-216a cover?
Section 8-216a ("Capitalized value of net rental income, basis for property valuation.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 8-216a?
A common citation format is "Connecticut General Statutes § 8-216a" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 8-216a apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.