We are pleased to announce that we have updated tax information for all 169 Connecticut towns for the 2013-2014 fiscal year. Although we have checked on and updated all towns in Connecticut, there are still 6 towns working off the mill rate for last year. New budgets are due July 1st, but democracy is not always on time. Sometimes in Connecticut towns require the budget to be approved by the voters. This has resulted in some situations where budgets and new mill rates where not approved as of the deadline. Some towns have the approval from the voters, but still have a waiting period or recounts due to close votes. Others however, still have to vote, or are voting again after prior budgets having been rejected. When each of the remaining six towns have there mill rates approved we will update them.
Thirty six of Connecticut’s towns went through a revaluation for the October 1st 2012 grand list (that is the grand list used for the 2013-2014 fiscal year). Naugatuck does not have their mill rate set yet. However if you take a look at the remaining 35 towns that went through revaluation you will see how the declining property values over the previous five years has affected mill rates. Of the 35 towns that went through revaluation only two had a mill rate increase of less then 1 mill (actually Orange beat the trend completely with a lower mill rate). Two more had a mill rate increase of between 1 and 2, and one with a mill rate increase between 2 and 3 mills. The remaining 30 had mill rate increases above 3 mills. Waterbury won the mill rate increase prize for the highest increase with an increase of 15.1616. The only other town with an over 10 mill increase were Ansonia and Sterling.
The 127 towns that didn’t go through revaluation and have set there mill rate show a different tale when it comes to mill rates. Two towns had a mill rate increase between 2 and 3. However that was the upper end of the mill rate range. Sixteen towns had mill rate increases between 1 and 2 mills. The vast majority of towns, 84 had a moderate mill rate increase of between 0 and 1 mills. Eleven towns were stable with no increase. That leaves 14 towns that had mill rates that actually went down.
Winners and losers in the mill rate lottery have to be divided into revaluation and none revaluation communities. As stated earlier the winner for the revaluation towns was Orange with a mill rate reduction of .7 mills. Waterbury was the overall loser with a mill rate increase of 15.1616. Weston was the non revaluation winner with a reduction of 1.03 mills. The loser was Norwalk which saw a 2.649 increase in the base mill rate.
Although State law mandates that revaluations are completed every five years, 7 towns have received to put off their revaluations for one year for longer. Windham wins the prize for the biggest procrastinator with it being 2 years beyond the mandate.