William's Places: Waterbury, CT Taxes - What To Do About It?

Waterbury, CT Taxes - What To Do About It?

 

Waterbury, CT Taxes – What To Do About It?

 

Waterbury, CT taxes – what to do about it? On Friday, June 11, 2010, the Waterbury, CT Board of Aldermen, by a 9 to 6 vote, elected to raise the mill rate in Waterbury, CT by 1.9 mills, from 39.92 mills to 41.82 mills, thus increasing taxes for Waterbury, CT residents. The tax increase for Waterbury, CT goes into effect on July 1, 2010.

 

Below is a summary chart which reflects the tax increase a Waterbury, CT residential homeowner (including condo and multi-family owners) would see in their upcoming tax bill based on the assessed value of their property. Waterbury, CT real estate taxes are assessed at 70% of the homes’ fair market value as determined by the Waterbury, CT Assessor’s Office.

 

Assessment

Current Taxes

Tax on 7/1/10

Increase

Assessment

Current Taxes

Tax on 7/1/10

Increase

50,000

1996

2091

95

210,000

8383

8782

399

60,000

2395

2509

114

220,000

8782

9200

418

70,000

2794

2927

133

230,000

9182

9619

437

80,000

3194

3346

152

240,000

9581

10037

456

90,000

3593

3764

171

250,000

9980

10455

475

100,000

3992

4182

190

260,000

10379

10873

494

110,000

4391

4600

209

270,000

10778

11291

513

120,000

4790

5018

228

280,000

11178

11738

560

130,000

5190

5437

247

290,000

11577

12157

580

140,000

5589

5855

266

300,000

11976

12546

570

150,000

5988

6273

285

310,000

12375

12964

589

160,000

6387

6691

304

320,000

12774

13382

608

170,000

6786

7109

323

330,000

13174

13801

627

180,000

7186

7528

342

340,000

13573

14219

646

190,000

7585

7946

361

350,000

13972

14637

665

200,000

7984

8364

380

360,000

14371

15055

684

 

If you are a Waterbury, CT resident and you want to know what your Waterbury, CT real estate assessment is, you can find the information at the Waterbury, CT Assessor’s Office, located at 26 Kendrick Street.

 

So, what can we as Waterbury, CT residents do about this tax increase?

 

·        Contact the Waterbury, CT Board of Aldermen to register your complaint about the unfair tax burden that this tax increase poses to you.

·        Attend upcoming Waterbury, CT Board of Aldermen meetings to voice your concerns about the impact of this tax increase.

·        File an appeal of your Waterbury, CT real estate assessment with the Waterbury, CT Assessor Board of Appeals. There is a time limit by which you must file your appeal, so visit the Waterbury, CT Assessor’s Office for more information.

 

An item of interest that Waterbury, CT residents should be aware of: revaluation, the process by which the Waterbury, CT Assessor’s Office is to determine the fair market value for all real property in the city, is, according to state statute, due every five years. Waterbury, CT last underwent the revaluation process in 2007, right at the time when real estate values had reached their zenith and were beginning to plummet. The next revaluation for Waterbury, CT is due to occur in 2012.

 

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Courtesy of William James Walton, Sr. , Realtor, WEICHERT, REALTORS® - Briotti Group

Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown, Thomaston and Plymouth)

 

Call William James Walton, Sr. Real Estate Agent with WEICHERT, REALTORS® - Briotti Group (203) 558-7463 for help with your real estate needs -buying or selling -  in Waterbury, Watertown, Wolcott, Middlebury, Southbury, Prospect, Naugatuck, Plymouth and Thomaston

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Comment balloon 1 commentWilliam James Walton Sr. • June 24 2010 09:34AM

Comments

William,

Especially during these times of economic difficulty this is a tremendous burden.  And they are always so quick to raise taxes but slow to lower them.  I know here in Pullman Washington our raised significantly several years ago....now that values have dropped a bit they sure are slow to re-adjust downward...

Posted by Lori Churchill Cofer, Realtor - 509-330-0086 - Pullman, WA (Beasley Realty) about 10 years ago

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