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 $6,975 ($6,975 = $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.
Both the appraised and assessed values of a property can be found on the property card.
| Tax Year | Mill Rate | Percent of Assessed Value |
Assessment Date |
|---|---|---|---|
| July 1, 2023 | 27.51 | 2.751% | October 1, 2022 |
| July 1, 2022 | 27.24 | 2.724% | October 1, 2021 |
| July 1, 2021 | 26.98 | 2.698% | October 1, 2020 |
| July 1, 2020 | 26.79 | 2.679% | October 1, 2019 |
| July 1, 2019 | 26.79 | 2.679% | October 1, 2018 |
| July 1, 2018 | 26.36 | 2.636% | October 1, 2017 |
| 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 |