A mill rate is the amount of property tax charged per $1,000 of assessed home value. It's expressed in mills, with 1 mill equaling $1 in taxes per $1,000 of value.

FAQs Archive

Q: What are the best home remodel ideas for elderly parents in Connecticut?

Focus on one-floor living, non-slip flooring, grab bars, wheelchair/walker friendly doorways, an accessible bathroom, and a private suite with bedroom and sitting area.

Q: Why do mill rates vary between Connecticut towns?

Each town sets its own mill rate based on budget needs, property values, services provided, and other sources of revenue. Wealthier towns can keep rates lower.

Q: How do CT property taxes compare nationally?

Connecticut has the 3rd highest effective property tax rate behind New Jersey and Illinois.

Q: How are property taxes calculated in Connecticut?

Homes are assessed at 70% of market value. This assessed value is multiplied by the town's mill rate to get the annual property tax bill.

Q: How does using a construction manager compare to hiring a general contractor?

General contractors take on more responsibility for delivering the entire project within a guaranteed budget and timeline. Construction managers act more as advisors, with the homeowner retaining overall control.

FAQs

What are the best home remodel ideas for elderly parents in Connecticut?

Why do mill rates vary between Connecticut towns?

How do CT property taxes compare nationally?

How are property taxes calculated in Connecticut?

What is a mill rate?

How does using a construction manager compare to hiring a general contractor?

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