Westport Board Of Finance Sets 13.2 Mill Rate As Property Revaluation Shifts Tax Burden
Summary
Westport, CT | News | 37m Westport Board Of Finance Sets 13.2 Mill Rate As Property Revaluation Shifts Tax Burden The new mill rate for the 2026-27 fiscal year is down from the current rate, but revaluation shifts more tax burden to homeowners. Alfred Branch , Patch Staff
WESTPORT, CT — The Westport Board of Finance unanimously approved a fiscal year 2026-27 mill rate of 13.2 on May 20, adopting a rate that reflects the town's recent property revaluation and a significant shift in the local tax burden from commercial properties to residential homeowners.
The new mill rate represents a roughly 30 percent decrease from the previous rate of 18.86. However, town officials emphasized that many homeowners are still likely to see higher tax bills because residential property values increased substantially more than commercial values during the revaluation process.
Finance Director Gary Conrad said Westport's overall grand list grew by more than 50 percent following the state-mandated revaluation conducted every five years. According to Conrad, residential property values increased 59.55 percent on average, while commercial properties rose 16.55 percent.
Motor vehicle values increased 5.9 percent and personal property values increased 1.3 percent. "The expenses remain the same," Conrad told the board.
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