Tim is a trusted Real Estate Advisor and leader at Seaport Real Estate Services. In addition to 17+ years of professional experience, Tim is only 1 of 2 agents in the region with a 4-year degree in real estate and urban economics. While earning the distinction of top 5% in sales volume in the area, Tim has built a clientele both locally and internationally without parallel. He has attracted these clients with a unique combination of service, integrity, and hard work. With Tim, you will find a person who listens to your requirements and develops a personalized plan to achieve your goals. In short, Tim represents sellers and buyers in the most desirable areas of Southeastern Connecticut with skill, marketing savvy, dedication, and the highest degree of professionalism.

Real Estate Taxes in Connecticut can vary greatly depending on the municipality and districts within them.  The graphic above illustrates the base rates for each town. Additional rates are applied to specific locations where services are provided.  These services can include public water, sewer, trash removal,  police services, or a firehouse.  A town or district with a lower Mill rate may not offer these services.  Your real estate agent will be able to help you to determine the services offered and their importance to you when purchasing real estate. The average property tax rate in CT for 2022 is $31.29 with the highest being Hartford at $74.29 and the lowest being Salisbury at $11. 

2022 Mill Rates CT High Low

How to Calculate Connecticut Property Taxes

The…

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Commercial Real Estate Taxes in Rhode Island vary greatly by town and are typically correlated to the services which each town provides.  A town with a lower Mill rate may not offer services such as public water and sewer, perhaps waste disposal, or a firehouse. Your real estate agent will be able to help you to determine the services offered and their importance to you when purchasing real estate. The average commercial property tax rate in Rhode Island for 2022 is 20.41 with the highest being Central Falls at 42.33 and the lowest being Little Compton at 6.04.  Please note that Property taxes can have a substantial impact on the cash flow of a property making it more or less appealing to a lender, investor, or potential owner occupant.  Contact a…

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Real Estate Taxes in Rhode Island vary greatly by town and are typically correlated to the services which each town provides to its residents. A town with a lower Mill rate may not offer services such as public water and sewer, perhaps waste disposal, or a firehouse. Your real estate agent will be able to help you to determine the services offered and their importance to you when purchasing real estate. The average property tax rate in Rhode Island for 2022 is 16.93 with the highest being Providence at 24.56 and the lowest being Little Compton at 6.04. 

2022 RI Mill Rates by Town Ranked

How to Calculate Rhode Island Property Taxes

The formula to calculate Rhode Island Property Taxes is (Assessed Value x Property Tax Rate)/1000= Rhode Island Property Tax. Take the Assessed…

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Have you ever wondered why some people are successful, productive, and seem to be happier?   This journey we call life is full of ups, downs,  successes, and failures.  Take a look at the traits of a Seaport agent below and ask yourself if you have what it takes to be part of our group.  If so, then simply send a creative video of yourself to info@seaportre.com.  Please make sure to explain how you will be an asset and help our company to grow.

11. Problem solver mindset

Great agents enjoy coming up with creative solutions to problems.  Many successful real estate agents know how to properly showcase a property to make it more marketable and develop creative marketing to attract the right buyers. Our agents employ valuation skills that allow them to…

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Thinking of selling your non-primary residence or vacation home? You are most likely going to pay capital gains tax unless you do the following.

10 East Neck

One way to avoid capital gains tax on a vacation or investment property is a 1031 exchange. This involves using the profits of the sale to purchase another investment property, thus putting the proceeds back into real estate instead of your bank account. New Construction may be a good way to go but you must meet the 1031 timelines and guidelines. 


You must follow strict identification and timeline rules for a 1031 exchange to the letter:

  •          You must identify the exchange properties in writing within 45 calendar days of the closure for the relinquished property in accordance with one of the…

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New to Market – Formerly known as the McCulloch Horse Farm, 100 Whippoorwill Rd in Old Lyme has been offered up for sale by Seaport Real Estate Services in an Auction proceeding. This method will be administered through an online bidding process that takes place over the course of 30 days. Contrary to a traditional brokerage sale, an Auction approach positions the initial offering price significantly lower than the current fair market value. This incites a heightened level of demand, creates a competitive environment, attracts multiple buyers, and drives the price of the property up rapidly over a pre-determined period of time. All necessary due diligence on behalf of interested buyers is performed prior to the close of Auction. Once the winning bid…

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The Cookie Thief

By Valerie Cox

 

A woman was waiting at an airport one night,
With several long hours before her flight.
She hunted for a book in the airport shops.
Bought a bag of cookies and found a place to drop.

She was engrossed in her book but happened to see,
That the man sitting beside her, as bold as could be.
Grabbed a cookie or two from the bag in between,
Which she tried to ignore to avoid a scene.

So she munched the cookies and watched the clock,
As the gutsy cookie thief diminished her stock.
She was getting more irritated as the minutes ticked by,
Thinking, “If I wasn’t so nice, I would blacken his eye.”

With each cookie she took, he took one too,
When only one was left, she wondered what he would do.
With a smile on his face, and a…

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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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182 Pearl

Lifestyle Property. Exceptional, Morgan Point, west-facing waterfront home located at the mouth of the Mystic River with a protected deep-water dock and mooring.  Enjoy unobstructed ocean views from almost every window of this 5-bedroom 5.5-bathroom contemporary with open concept living. Well-appointed features include hardwoods, new stainless-steel appliances, oversized 3 car garage, three magnificent fireplaces, dual laundry locations, master bedroom suite with steam shower, radiant bathroom floors and whirlpool tub, balcony, spacious basement with exercise room and potential to expand. Boat, fish, swim and clam off from the 100’ Southwest facing seawall and beach. Morgan point is located at the tip of Noank Village, a quaint seafaring community,…

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Unlike the stock market, where most people understand and accept the risk that prices may fall, most people who buy a house don't ever think that the value of their home will ever decrease.

The housing market, like other assets, is susceptible to unsustainable gains, and bubbles are formed over time even though many people feel it is a sure bet for growth.  That's because of the large transaction costs associated with purchasing a home, not to mention the carrying costs of owning and maintaining a home discourage speculative behavior. However, housing markets do go through periods of irrational exuberance.

This article will help to explain real estate cycles, triggers that cause them, and why consumers should be cognizant of the forces at play…

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