In an effort to jump-start development in three key areas in or near downtown Hartford, city officials want to establish various tax-fixing agreements they say will make it more attractive for developers to build mixed-use projects. Mayor Luke Bronin and the city council are considering tax-fixing agreements for future developments that occur at: Rensselaer Polytechnic Institute’s former Hartford campus; existing buildings and empty parking lots near the Bushnell Theater; and a vacant parking lot in the Parkville neighborhood. Tax-fixing agreements are nothing new for the city of Hartford, which has one of the highest property tax rates in the state at 68.95 mills. Tax-fixing deals essentially give developers a temporary lower property-tax rate.
https://www.hartfordbusiness.com/article/hartfords-development-strategy-hinges-on-tax-fixing-agreements