Property taxes in Milford, Connecticut are going down for 2016

By
Real Estate Broker/Owner with Connecticut Homes and Commercial Fairfield Cty,CT reinct.com REB 0788053

 

Buy a house in milford Connecticut Annette Thor Broker

Picking the wrong town can mean your property taxes keep going up every year.    Property taxes go up when there is poor planning in town hall budgets.  And the number of buildings in your town that are not on the tax roll make a huge impact, buildings such as hospitals, schools and churches.

 

Some towns in Connecticut have seen property tax increases, but this year for 2016 Milford, Connecticut has dropped its Mill rate from 27.88 to 27.84  for the 2016-2017 tax year.   However, this is only the second time taxes have gone down in the last 30 years (CT Post). http://www.ctpost.com/local/article/Milford-tax-rate-goes-down-a-little-7468222.php

 

Other places like Milford, Connecticut 06460 have a huge commercial base that contributes and hereby reduces the tax burden on homeowners.

Milford covers 22 square miles in New Haven County.  There are approximately 21,199 households*

The median household income for Milford, Connecticut is $80,743, where the median for the state is $69,899*

The five largest employers are;  Servicom llc, Schick-Wilkinson Sword, Doctor’s Associates Inc, Milford Hospital, Subway World Headquarters

 

And the top five contributor’s on the Grand list are;

 

Connecticut Post Mall                $135,310,262

Connecticut Light and Power    $109,403,339

Milford Crossing Investors        $61,950,000

Wolff                                                $51,316,641

JP Construction                            $28,200,980

 

Total:                                            $6,440,527,586*

 

 

 

July 2016 Market Report for Milford, Connecticut

 

405   Actives homes for sale on the Multiple listing service

 

343    homes have closed in the last 180 days

 

163    homes are under contract in the last 180 days

 

homes-sales-milford-connecticut-2016-06460Sell a home, median prices milford, CT, 06460Homes Sold Milford, CT 06460 July 2016 statistics

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Comments (8)

Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Annette, well-run cities have taxes that are not too high and not too low!  I recently read an article about the town in Kansas where I grew up - the taxes were so low that they could not afford to have police respond to many types of calls they were getting - including some domestic violence calls.  The schools are a mess, and the state is cutting its contribution because it, too, lowered taxes.  Here we have great services, and I don't mind paying for them.

Jul 27, 2016 12:51 AM
Annette Thor

I'm surprised that town wouldnt raise their property taxes Patricia Kennedy ....I hadnt thought of that possibility. I thought most towns have a hair trigger reponse to raising them.

Jul 27, 2016 02:07 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Annette Thor - it is always welcome news when taxes go down.  Hey, I hope you can come to my Westchester meetup next Monday 8/1 4pm at City Limits Diner in White Plains

Jul 27, 2016 12:54 AM
Annette Thor

Is it time for meetups already Grant ? I think I might be able to swing it.

Jul 27, 2016 02:08 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

I think as the prices continue to rise all around the Country we will see some more of this. Nice local post.

Jul 27, 2016 02:58 AM
Annette Thor

Hi Jeffrey DiMuria 321.223.6253 airRErealty.com its great when the economy thriving helps the little guy for a change.

Jul 27, 2016 08:21 PM
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Annette, this is a very interesting post and it would be fun to see a similar list of the top five tax contributors for each AR member's city or town!

The residents of Milford, CT have to be happy about the good news you are spreading!

Thanks so much for subscribing to my blog and I look forward to learning more about your area of Connecticut, Annette.

Aug 26, 2016 07:52 AM
Annette Thor
Connecticut Homes and Commercial Fairfield Cty,CT reinct.com - Westport, CT
Residential & Commercial Real Estate Broker in CT

Yes Bruce Walter I agree Id love to see the top employers in various neighborhoods.  The businesses have such a dramatic impact on values in a town. Thanks for the follow 

 

Aug 29, 2016 10:31 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Annette Thor - You've provided some very important information. Homeowners need to know and understand how property taxes impact them and their community. I hope this one gets featured!

Nov 06, 2016 12:46 AM
Annette Thor
Connecticut Homes and Commercial Fairfield Cty,CT reinct.com - Westport, CT
Residential & Commercial Real Estate Broker in CT

Hi Patricia Feager , property taxes are one of those break it or make it features. Im so glad you like my post. Thanks for stopping by.

Nov 06, 2016 07:43 PM