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…
Data collected from the Connecticut Office of Policy and Management appears to show Connecticut’s property taxes are being balanced on the backs of residents with low-value homes. A report by the Western Connecticut Council of…
Driving through Hamden, one would never think it is a town in severe financial distress. Hamden looks vibrant, trendy, hip and well-off. It was ranked one of the best places to live by Money Magazine…
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 the median real…
[et_pb_section admin_label="section"][et_pb_row admin_label="row"][et_pb_column type="4_4"][et_pb_text admin_label="Text" background_layout="light" text_orientation="left" use_border_color="off" border_color="#ffffff" border_style="solid"] Connecticut will impose a state property tax of 5 mills on secondary and vacation homes, according to figures from the latest budget proposal. The state…
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