For estimation purposes only. In CT, the value of taxable property is 70% of the true and actual value as of October 1st. The 70% value is referred to as the assessment.
Use your last year’s assessment in the red cell – Use your new assessment, as reported to you via US Mail (the NEW revaluation as of 10/1/21), in the blue cell. Click the Calculate button to see your estimated taxes in the green cell.
You MUST use the assessment associated with the NEW revaluation as of October 1, 2021 for an accurate estimate.
|A home valued at $200,000 on October 1, 2020 had an assessed value of $140,000 (70% of $200,000) Annual tax of $5,091.66 – $424.31 per month|
|If that same home is now valued at $250,000 on October 1, 2021 the assessed value is $175,000. Annual tax of $5,646.38- $470.53 per month|
|Net increase of $554.72 per year – $46.23 per month|