TAXATION AND REVENUE SYSTEMS—CONNECTICUT. 
47 
B, C, AND D. POLL, INHERITANCE, AND CORPORATION 
TAXES. 
The county does not share in the poll, inheritance, 
or corporation taxes. 
E. BUSINESS TAXES, LICENSES, AND FEES. 
Ten per cent of the moneys collected by the county 
commissioners on town liquor licenses is to be paid 
over to the county for county expenses. The remain 
der is to be paid to the treasurers of the respective 
towns, except that in New Haven County 5 per cent is 
paid into the reserve fund of the police department 
of the city of New Haven and 5 per cent to the fire 
men’s relief fund of the same city. 
Municipal Revenues. 
A. GENERAL PROPERTY TAXES. 
The town is the unit of assessment and taxation, 
and property assessed for towns includes that of every 
village, borough, or city embraced within the town 
limits. 
1. Base— 
a. The property included and exempt.—All property, 
both real and personal, not expressly exempt, is sub 
ject to this tax. 
(1) Real estate includes all such property not exempted, as 
follows: Land and buildings, fisheries, quarries, mines, and ore beds. 
(2) Personal property includes all notes, bonds, and stocks not 
issued by the United States; moneys; credits; choses in action; 
vessels, except registered and enrolled sailing vessels; barges en 
gaged in trade between this and other states, and registered vessels 
which are actually engaged in foreign commerce; goods, chattels, 
and effects, or any interest therein belonging to any resident in this 
state. 
Mortgages secured by real estate in this state are exempt to an 
amount equal to the assessed value of such real estate. Foreign 
mortgages are taxable. 
Property situated in another state and taxed there need not be 
listed for taxation in this state, but this provision does not apply to 
loans by residents to nonresidents, nor to foreign railroad bonds 
owned by residents. Stocks of foreign corporations are presumed 
to be taxed in the state in which such corporations are located. 
Money or property actually invested in merchandising or manu 
facturing outside the state need not be listed. 
The property of certain corporations which pay a direct tax to the 
state in lieu of other taxes is not subject to the general property tax, 
and the shares of stock in corporations which are taxed on the corpo 
rate property are not taxed to the stockholders individually. 
The whole property of every corporation organized under the law 
of the state whose stock is not liable to taxation, and which is not 
required to pay a direct tax to the state in lieu of other taxes, and 
the whole property in the state of foreign corporations is liable to 
taxation the same as the property of individuals. 
So much of the deposits of any savings bank as were invested in the 
shares of capital stock of any bank, national bank, trust, insurance, 
investment, and bridge company on April 1, 1901, and still held, 
are not taxed. 
(3) Exemptions in addition to public property are: Buildings or 
parts thereof occupied as colleges, academies, churches, public 
schoolhouses, or infirmaries, and land appurtenant to such infirm 
aries; parsonages to the value of $5,000; real estate of scientific, 
literary, benevolent, or ecclesiastical societies, or public or char 
itable institutions; cemeteries; property to the amount of $3,000 
of any pensioned soldier, sailor, or marine of the United States dis 
abled in service; the same of blind persons; property to the amount 
of $1,000 of every resident who has served in the Army, Navy, 
Marine Corps, or Revenue Marine of the United States in time 
of war, if honorably discharged, or of the wife of same; prop 
erty to the amount of $1,000 of the widow or widowed mother 
of the above, and of pensioned widows, fathers, and mothers of the 
above; wearing apparel of every person and family, not including 
watches and jewelry, not exceeding $25; household furniture to the 
value of $500; farming tools to the value of $200; produce of farms 
in the hands of the producer, including colts, calves, and lambs; 
fuel and provisions for the use of the family; swine to the value of 
$50; poultry to the value of $25, sheep and Angora goats to the value 
of $100; cash not exceeding $100; private libraries and books not 
exceeding $200; all public libraries; musical instruments not ex 
ceeding $25; all musical instruments in churches; all fire appa 
ratus, with the buildings for the shelter thereof; tools of mechanics 
to the value of $200; any horse used on parade or in military service 
by the owner or his son; all fishing apparatus to the value of $200; 
the stock or property of agricultural societies; stock or securities 
issued to build a church; all property of any hospital receiving 
state aid; funds of Grand Army posts used for charitable purposes; 
bonds of the state of Connecticut, if specially so provided; bonds 
of towns or cities issued in aid of certain railroads; the funds and 
estate of Yale University, Sheffield Scientific School, Trinity Col 
lege, and Wesleyan University, but not real estate, the annual in 
come of which exceeds $6,000; bonds, mortgages, or invested funds 
of any church or ecclesiastical society not exceeding $10,000, but 
the total exemption including real estate is not to exceed $20,000 
in any one case. 
Tree plantations, in land not exceeding $25 per acre, not less than 
1,200 trees to the acre, when the trees have grown to an average of 
6 feet, are exempt for a period of 20 years. Also, any tract of land of 
over an acre planted to trees of at least 1,200 to the acre, is exempt 
for not more than 20 years, as long as such tract is continued as a 
wood lot. 
Land for municipal water supply is exempt when the inhabitants 
of the town in which the land is situated have the same privileges to 
use and do so use the water supply upon the same terms as the 
inhabitants of the municipality supplied. 
Bonds, notes, and other choses in action may be exempted from 
local taxation by payment of the 4-mill tax to the state treasurer. 
In the year 1910 and quadrennially thereafter, all property ex 
empt from taxation is to be listed and a value placed upon it by the 
assessors of the several towns. The tax commission is to publish 
this report. 
b. Assessment.—The town assessment serves for 
state and county taxes as well. While inhabitants of 
cities and boroughs are taxed for town purposes, they 
may also have, under their charters, an independent 
assessment and tax list for purely municipal purposes. 
In some cases this local list is made from the grand 
list of the town in which the borough or city is situ 
ated; in some the municipal assessors make new and 
different lists; in others town and city are consolidated. 
But hi all cases the town assessment, or what corre 
sponds to that, is complete, and the town lists taken 
together make up the list for state purposes of all the 
property taxable therein. The town assessment is, 
with few exceptions, made by the town assessors as of 
October 1. Each resident of the town must furnish the 
assessor with a verified list of all his taxable property 
at its present, true, and actual valuation. If the