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illusionsformoney t1_j0g0lp0 wrote

So that’s a 50% increase which is pretty steep. Ours (also Stamford) is going up 30%. In our case that tracks pretty well with what our property value has done in that time. Down from its peaks, but about 30% higher that when the city did its last assessment.

The Grand list is going up 18%, so your effective taxes will be rising over 30% (~50-18).

On your assessment you can challenge the value, the include instructions to do so. If you feel the 50% increase is not in line with where your property value is in relation to the market, that would be your best bet.

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Glass-Tie-4102 t1_j0hmkzo wrote

The notice said the new mill rate won’t be announced till May 2023. Just because your value went up 30% it says in notice that doesn’t mean your taxes will increase 30%. That would be a massive increase for already very high property taxes.

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illusionsformoney t1_j0i8shy wrote

The notice says how to calculate estimated increase. You need to subtract the increase in the Grandlist (18%) from the increase in valuation to get the net increase.

Basically the sum of all property in Stamford went up 18%, so if your property is up 18% you can expect no changes. Above 18% your taxes are going up by the difference, below 18% they’re going down.

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