How is a Mill Rate determined?

During May of each year the Greenwich Board of Estimate and Taxation determines the mill rate for the upcoming fiscal year. (By statute, all Connecticut cities and towns have a uniform fiscal year which runs from July 1 through the following June 30.) (CGS 7-383). The mill rate is determined by dividing the amount of revenue required by the Town (determined during the January through May budget process) by the total assessed value of all taxable property. Under Connecticut law assessed value of property must be 70% of present true and actual value. (CGS 12-62a)

Show All Answers

1. When can an appeal be filed?
2. When will hearings be held?
3. Can a substitute attend the hearing?
4. What is a Mill Rate?
5. How is a Mill Rate determined?
6. Does the Board of Assessment Appeals adjust prior Grand List years?
7. Can a current owner, who was not the owner on the October 1 assessment date file an appeal?
8. Can the Board of Assessment Appeals grant exemptions? Can exemptions be granted retroactively?
9. Can the Board of Assessment Appeals adjust a real estate assessment more than once between Grand Lists that are within the same revaluation cycle?
10. Can the Board of Assessment Appeals reduce a real estate assessment for which an inspection was denied by the homeowner?
11. Can the value of real estate be reduced based on a submitted appraisal? Does this take the place of an actual inspection?