[jacekmiko]

I just heard that City of Farmington will have big tax increase because they have to do new assessment .
Is That True?
I was thinking that mill rate is maid from the budget.
Please help !!!

[Stylo]

It's all sort of meaningless. You can raise the mill rate, but if assessments are down - there's no tax raise because of it. See if they're doing a spending increase. That's what matters.

[reed303]

You may want to read these 2 articles

Farmington Grand List Shows Decline of 7.25% - Government - Farmington, CT Patch

Farmington Budget Passes - Government - Farmington, CT Patch

The re-assessment has been already done. The Grand List is lower. The mill rateis to go up 1.8 mills. Even if mill rate is raised, some tax bills will actually be lower due to reduced re-assessment.

Also Farmington has one of CT's lower mill rates even at the new rate of 24.09. Hartford's is over 70 mills

CT Mill Rates | CT Property Taxes | Connecticut Mill Rates

[jaydez]

Originally Posted by Stylo

It's all sort of meaningless. You can raise the mill rate, but if assessments are down - there's no tax raise because of it. See if they're doing a spending increase. That's what matters.

Wrong. The mill rate raise will cause the taxes on a home to be even. However, there will be an increase on the property taxes for cars, boats, and RVs. Either way, a mill rate increase is bad news.