Town Of Orange CT Tax Revaluation Assessments 5 Year Phase In
Posted on February 25th, 2008 by Kim
The Town of Orange performed a revaluation in October of 2006. The revaluation assessments will be phased in over a five year time span.
The 2006 grand list mill rate is 29.9 mills. To calculate the tax assessments that increased as a result of the revaluation subtract the old assessment (2005) from the new assessment (2006). Divide the difference by 5. Add that quotient to the old assessment. This value is the assessment used to calculate the current tax bill. Multiply that number by .0299.
Example 2006 assessment = 238,400
2005 assessment = 138,000
238,400 - 138 = 100,400
100,400/5 = 20,080
20,080 + 138,000 = 158,080
158,080 x .0299 = $4,726.60
Filed under: Orange CT
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Mike Harmon
When looking at homes to buy, is there an easy way to find out if a particular home has had the new tax rate applied. Is there a list of what areas get phased in, and when?