The effective date of the property tax exemption for real property,
as authorized under C.G.S. § 12-81(7), shall be as of the date of acquisition of such real property to
which the exemption applies for acquisitions occurring after October 1, 2002.
The effective date of the property tax exemption hereunder shall be
limited to unimproved real property. As of the date for the next succeeding
Grand List, the exemption under § 12-81(7) shall apply to all real
property, improved and unimproved, which shall qualify for exemption under
said statute.