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Filed under Ct Real Estate Market, Ct., Darien, Fairfield County, Green Posts, Homeowner Tips, Interesting Articles, Local Housing Data, New Canaan, Open House, Property Management Connecticut, Real Estate Posts, Rowayton
In Connecticut the property assessment is equal to 70% of the fair market value of the property as established by the municipal Assessor. The property tax rate is expressed in mills or thousandths of a dollar. A tax rate (mill rate) of 11.74 mills is equivalent to $11.74 of taxes per $1,000 of assessed value.
Each town sets its own mill rate; some municipalities have different mill rates for different districts within that town. Assessment dates for property on the Grand List must be assessed by October 1st of the preceding year. So for property taxes due July 1st, 2014 and January 1, 2015 are determined from assessments computed by the town assessor prior to October 1, 2013 Grand List. Typically the majority of Connecticut towns, real property taxes are payable for the current tax year on July 1st and January 1st, this is the same as the state’s fiscal year. But in some towns payments are made quarterly so check with town hall first.
In September 2012 both Consumer Report and J.D.Power came out with their separate annual homeowner insurance reports and ratings.
According to the national survey the greater the damages the more likely the homeowner received less than expected with almost 10% overall of the survey were in disagreement with the claim payment but when damages were over $25,000, 19% were in disagreement.
Both reports and ratings have Amica Insurance with the best reviews and with Erie Insurance and State Farm above industry standards. Both reports also have MetLife, Travelers, Farmers and Allstate below industry standards. To see how the customer satisfaction index was determined please visit each article. Continue reading