Q. How are taxes calculated?
A. Taxes are ((Assessed Property Value * .001) * Current Mill Rate)
Q. What is a Mill Rate?
A. A Mill Rate is the property tax rate expressed in tenths of a cent per dollar of assessed valuation.
Q. How Much is one Mill?
A. For Tax Year 2008 - 2009 one mill equals $619,415
Q. How is a Mill Rate calculated?
A. The Mill Rate is approximately equal to 1000 X (Total Proposed Expenditures – All Other Revenue and Funding) / (Adjusted Grand List Value)
Q. What is the Grand List?
A. The Grand List is a listing of all real estate parcels, personal property and motor vehicles in the town.
Q. What is the current Mill Rate?
A. The 2009 - 2010 Mill Rate is 19.94.
Q. Where can I find property assessment information?
A. The Assessor's office maintains assessment information.
Q. Who determines property values?
A. The town Assessor assigns property values.
Q. When was the last property revaluation?
A. The last property revaluation was completed in 2005.
Q. When is the next property revaluation?
A. The next property revaluation will be completed in 2011.
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