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To calculate the property tax, the authority multiplies the assessed value by the mill rate and then divides by 1,000. For example, a property with an assessed value of $50,000 located in a municipality with a mill rate of 20 mills would have a property tax bill of $1,000 per year. [5]
Property taxes remained a major source of government revenue below the state level. Hard times during the Great Depression led to high delinquency rates and reduced property tax revenues. [68] Also during the 1900s, many jurisdictions began exempting certain property from taxes. Many jurisdictions exempted homes of war veterans.
Connecticut state law also makes no distinction between a consolidated town/city and a regular town. ... Northeastern Connecticut: Wallingford: Town: 1670 39.02 ...
In 2005, the mill rate of Fairfield was 16.67. [19] The 2012–2013 taxes in Fairfield rose 4% to a mill rate of 23.37. [ 20 ] The 2013–2014 mill rate which went into effect on July 1 for fiscal year 2013–2014 also increased by 2.38% to 23.93.
Fairfield County was established by an act of the Connecticut General Court in Hartford along with Hartford County, New Haven County, and New London County; which were the first four Connecticut counties, on May 10, 1666. From transcriptions of the Connecticut Colonial Records for that day: This Court orders that from the east bounds of Stratford
The Wallingford Electric Division (WED) is a municipally owned utility that provides electricity to the town. Established in 1899, WED is one of Connecticut's few municipal electric utilities, operating under the town's governance. It supplies electricity to residents and businesses, and is known for offering reliable service at competitive rates.
Out of the total property tax rate, 3 mills of it will be used for capital outlay projects and the other 0.45 mills will be used for special liability, which is used in a tort claim fund.
A Committee to locate a mill at the first falls on the Quinnipiac River between Wallingford and Meriden was held in September 1686. In 1704 the mill was sold to William Tyler, and the community became known as Tyler's Mills. The mill and surrounding lands were sold to Charles Yale around a hundred years later, and the name of the village became ...