Connecticut Real Estate Tools

CT Real Estate Glossary

Definitions of Connecticut real estate terms from 8-30g to mill rates.

Mill Rate

A mill rate is the property tax rate per $1,000 of assessed value. In Connecticut, each municipality sets its own mill rate annually when the Board of Finance or Town Council adopts the budget.

Example: A home assessed at $300,000 in a town with a 30 mill rate owes $9,000/year in property tax.

Disclaimer: These tools provide estimates for informational purposes only. They are not legal, tax, financial, or real estate advice. Confirm all figures with your town assessor, attorney, lender, or tax professional before making decisions. Rate data is synced from Connecticut Open Data (last sync May 30, 2026).

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