What is my mill rate?

Municipalities in Connecticut apply property taxes in terms of mill rates. 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,

Example: 56.38 mills = .05638, the mill rate (Move decimal 3 places to the left) times your assessment. (100,000 X .05638 = $5,638.00 taxes).

The Mill Rate is calculated in the spring of each year prior to tax bills, by dividing the net budget by the net grand list which equals the mill rate. Net budget is the total amount needed to operate the Town, less any/all state grants, reimbursements for exemptions granted, etc.

The State has halted two major reimbursements in the past 6 yrs, The Manufacturers Machinery & Equipment (MME exemption an Elderly program), which in turn, raises the net budget. This has affected all Towns/Cities. The same thing happened years ago with boats and private airplanes and cows and livestock before that.

Show All Answers

1. What is my mill rate?
2. What period of time does my motor vehicle tax bill cover?
3. I received a tax bill for a motor vehicle I no longer own; doesn't the Department of Motor Vehicles notify the town when a motor vehicle is sold?
4. Do I have to pay the entire tax bill if I no longer own the vehicle?
5. How did you arrive at the value of my vehicle?
6. How do I appeal the assessment on my vehicle if I believe that the value is incorrect?
7. What is the assessed value of real estate based on? How can I find out what my assessment is?