bg

Tax Rates

In Connecticut, property tax rates are expressed in Mills, or thousandths of a dollar. Property tax rates are applied to the assessed value of a property.  Assessed values are seventy percent of appraised values.

For example, a property tax rate of 23.25 mills is .02325 expressed in decimal form, or 2.325% expressed as a percent of assessed value. A mill rate of 23.25 results in a tax payment of $23.25 for each $1,000 of assessed value.  A home with an assessed value of $300,000 would be taxed $6975 ($6975 = $300,000 x 2.325%) annually.

Once the Representative Town Meeting (RTM) approves the budget, the  Board of Finance sets the mill rate in May in time for July tax billing.

 Tax Year  Mill Rate  Percent of
Assessed Value
Assessment Date
 July 1, 2017 25.82  2.582% October 1, 2016
 July 1, 2016  25.45  2.545% October 1, 2015
 July 1, 2015  24.79  2.479% October 1, 2014
 July 1, 2014  24.40  2.440% October 1, 2013
 July 1, 2013  23.93  2.393% October 1, 2012
 July 1, 2012  23.37  2.337% October 1, 2011
 July 1, 2011  22.47  2.247% October 1, 2010
 July 1, 2010  19.27  19.27% October 1, 2009