The Running Realtor: North Haven Town Budget : 2007-2008

A blend of ramblings about Real Estate & Running around New Haven County and the Connecticut Shoreline

North Haven Town Budget : 2007-2008

The second attempt to pass the North Haven Budget succeeded by 136 votes!  Since this is the second year of the property assessment phase-in you can calculate your new tax bill using the projected mill rate of 26.26

Here is an example of how the new budget will affect the first house on the list, it happens to be a Raised Ranch in the Montowese Section of North Haven.

7/1/06 Assessment : 203.280 x 28.70 = $5834.16

7/1/07 Assessment : 244.369 x 26.26 = $6417.13

Here is another example that I pulled from the MLS.  The house is currently the median priced active listing in North Haven at $399,000.

7/1/06 Assessment : 193.853 x 28.70 = $5563.58

7/1/07 Assessment : 245.606 x 26.26 = $6449.61

Listening to town officials and political cheerleaders talk about maintaining services and just getting by with another bare bones budget is all smoke and mirrors from my viewpoint.  Whenever more money shifts from the taxpayers pocket to the town coffers it should be consider it a tax increase. 

Here is the Article from the New Haven Register.  The 26.26 Mill Rate is projected so it may be adjusted but it appears to be a huge tax increase to me.  Government needs to be brought back to reality instead of enjoying the monopoly it has of squeezing the taxpayers to quench the endless thirst for cash.

Comment balloon 3 commentsNo Longer Active • June 20 2007 07:36PM

Comments

Dan, we are about due for another tax assessment and I am not looking forward to it.  I wish we got to vote on ours like you guys do, but ours is voted on by the Town Council.  If we want to have a say so in it we have to petition for a Referendum. 
Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 11 years ago
do I sense a little frustration here?  really I get ya - it is amazing how they try and hid stuff from us
Posted by Thesa Chambers, Principal Broker - Licensed in Oregon (Fred Real Estate Group) almost 11 years ago

George... Normally the town officials vote but since it was such a large increase this year they went right to referendum instead of going thru the motions of waiting for a petition.

Thesa... Yes.. as more and more companies around here pack up and move because of the high cost of doing business it hurts everyone and the taxman just squeezes for more....

Posted by No Longer Active (Real Estate) almost 11 years ago

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