Found 3 blog entries tagged as CT Mill Rates.

2026 Property Tax Report · Connecticut

The list price tells you what a home costs to buy. It says nothing about what it costs to own — and in 2026, that second number is where Connecticut buyers get surprised. The same home, one town line apart, can carry a tax bill that differs by well over a thousand dollars a month.

10.85 Lowest rate
(Washington) 68.95 Highest rate
(Hartford) 28.39 Statewide
median 169 Towns in
this report

The number most buyers never check

Everyone shopping for a home watches the price. Far fewer ask the question that actually sets the monthly payment: what’s the property tax? In Connecticut, the answer comes from the town’s mill rate — the dollars…

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The recent revaluation of real estate in Old Lyme has sparked concerns among residents about potential increases in property taxes. However, the relationship between property values and taxes is more nuanced than it may appear at first glance. Let’s break it down.

What is Property Revaluation?

Revaluation is the process by which towns adjust property assessments to reflect current market values. In Connecticut, properties are assessed at 70% of their appraised value. This means if your home is appraised at $600,000, your assessment will be $420,000.

Revaluation is done periodically to ensure fairness. Over time, real estate markets change, and some properties may appreciate faster than others. Without revaluation, some taxpayers might pay…

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Simply stated, a Mill Rate is the adjustable measure that calculates how much the tax man collects from you on an annual basis. The concept itself is easily understood.

However, more insight is necessary to identify and understand the underlying, and often unforeseen market forces that can drive YOUR Mill Rate up or down, saving or costing you more money in taxes, depending upon where you choose to buy a home.

Note that each town imposes a different mill rate depending upon that town's grand list and how much revenue they must generate to cover their yearly costs. 

“A mill rate is equal to $1 in taxes for every $1,000 in assessed value. To calculate your tax based on your mill rate, divide your assessed value by 1,000 and multiply the…

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