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Waterbury, CT Taxes - What To Do About It?

By William James Walton Sr.

Real Estate Agent with WEICHERT, REALTORS® - Briotti Group CT RES.0785956

June 24, 2010 02:34 AM

Waterbury, CT Taxes – What To Do About It?

Waterbury, CT taxes – what to do about it? On Friday, June 11, 2010, the Waterbury, CT Board of Aldermen, by a 9 to 6 vote, elected to raise the mill rate in Waterbury, CT by 1.9 mills, from 39.92 mills to 41.82 mills, thus increasing taxes for Waterbury, CT residents. The tax increase for Waterbury, CT goes into effect on July 1, 2010.

Below is a summary chart which reflects the tax increase a Waterbury, CT residential homeowner (including condo and multi-family owners) would see in their upcoming tax bill based on the assessed value of their property. Waterbury, CT real estate taxes are assessed at 70% of the homes’ fair market value as determined by the Waterbury, CT Assessor’s Office.

Assessment	Current Taxes	Tax on 7/1/10	Increase	Assessment	Current Taxes	Tax on 7/1/10	Increase
50,000	1996	2091	95	210,000	8383	8782	399
60,000	2395	2509	114	220,000	8782	9200	418
70,000	2794	2927	133	230,000	9182	9619	437
80,000	3194	3346	152	240,000	9581	10037	456
90,000	3593	3764	171	250,000	9980	10455	475
100,000	3992	4182	190	260,000	10379	10873	494
110,000	4391	4600	209	270,000	10778	11291	513
120,000	4790	5018	228	280,000	11178	11738	560
130,000	5190	5437	247	290,000	11577	12157	580
140,000	5589	5855	266	300,000	11976	12546	570
150,000	5988	6273	285	310,000	12375	12964	589
160,000	6387	6691	304	320,000	12774	13382	608
170,000	6786	7109	323	330,000	13174	13801	627
180,000	7186	7528	342	340,000	13573	14219	646
190,000	7585	7946	361	350,000	13972	14637	665
200,000	7984	8364	380	360,000	14371	15055	684

If you are a Waterbury, CT resident and you want to know what your Waterbury, CT real estate assessment is, you can find the information at the Waterbury, CT Assessor’s Office, located at 26 Kendrick Street.

So, what can we as Waterbury, CT residents do about this tax increase?

· Contact the Waterbury, CT Board of Aldermen to register your complaint about the unfair tax burden that this tax increase poses to you.

· Attend upcoming Waterbury, CT Board of Aldermen meetings to voice your concerns about the impact of this tax increase.

· File an appeal of your Waterbury, CT real estate assessment with the Waterbury, CT Assessor Board of Appeals. There is a time limit by which you must file your appeal, so visit the Waterbury, CT Assessor’s Office for more information.

An item of interest that Waterbury, CT residents should be aware of: revaluation, the process by which the Waterbury, CT Assessor’s Office is to determine the fair market value for all real property in the city, is, according to state statute, due every five years. Waterbury, CT last underwent the revaluation process in 2007, right at the time when real estate values had reached their zenith and were beginning to plummet. The next revaluation for Waterbury, CT is due to occur in 2012.