Sen. Martin Looney, D-New Haven, and supporting Democrats have labeled a proposed statewide property tax a “mansion tax” that would largely affect high-wealth towns like Greenwich and Westport. However, it is also a tax on
property taxes
Waterbury had one of the highest increases in the percentage of residents renting apartments in the country, while Hartford, on the other hand, saw one of the highest increases in homeownership over the last ten
The Tax Foundation released its annual ranking of states based on their overall business tax climate and placed Connecticut 47th in the country, besting both New York and New Jersey but falling short of other
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
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
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
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
Connecticut will impose a state property tax of 5 mils on secondary and vacation homes, according to figures from the latest budget proposal. The state tax would be in addition to the local property tax
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