WESTPORT–The Board of Finance developed a new mill rate for the fiscal year beginning July 1. The recent revaluation process shifted more of the tax burden onto residential homeowners. So, even though the mill rate dropped to 13.2 from 18.9, the rise in individual property values means many homeowners will pay more in taxes next year than they paid this year.
The initial tax bills will not be sent until July, but homeowners can use the new mill rate to calculate their new tax bill. The calculation is straightforward: take the last three digits off your assessment. Multiply that by 13.2. That is your annual tax bill.
Your assessment can be found here. Find your street, then your house number and you’ll see a chart near the top of the page.
Take the last three digits off of your “Total Assessment” (in the example above, $1,197,400 becomes $1,197.40). Multiply that by 13.2 and you’ll find the tax burden for this property is $15,806.
Westport Journal will soon feature a “Brian’s Turn” column on the path from the town budget to the mill rate.
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