Connecticut homeowners pay 20 percent more in property taxes than residents of its nearest neighbors, even as home values in the Nutmeg State have declined, according to a new study released Wednesday. “As a percentage of housing value, Connecticut homeowners now pay 20 percent more than New Yorkers and almost ...
Governor Lamont hosted Govs. Baker and Raimondo recently, and reported that his fellow governors had urged him to keep on fighting for statewide tolls. He failed to note that the tolling adopted by each of those states is much more constrained than that which he prescribes for Connecticut. More importantly, ...
Early reports of budget recommendations from Connecticut’s Appropriations Committee showed the Committee rejected Gov. Ned Lamont’s proposal to force municipalities to cover a portion of the state’s teacher pension costs. But that major point of divergence from the governor’s budget turned out to be a mistake. At a press conference ...
Connecticut municipalities are over-appraising low-value homes, driving up property taxes for those who can least afford it.
An annual study by WalletHub ranked Connecticut 48th among the states for its real estate property tax burden and 43rd for its vehicle property tax costs. In total, the 2018 study noted that the median real estate tax cost for Connecticut homeowners is $5,443 per year, while the median property tax for a vehicle is $603.