updownsidewayz t1_iy41pvs wrote on November 28, 2022 at 4:24 PM

Reply to comment by ctrealestateatty in Grocery shopping and 25 cheerleaders asking for $ by [deleted]

many towns have more tax revenue due to higher property valuations and greater property tax receipts despite statutory rates not changing; parents and ngos monies are in dependent of taxes, further towns should have some budget item, earmarked or not, to help fund these things; I'm not against them fundraising for it, there are just so many better options than begging strangers

ctrealestateatty t1_iycx7bz wrote on November 30, 2022 at 1:55 PM

Increasing property values doesn’t change town tax revenues at all. The budget is set and the mill rate is then just a division of values by budget. If values are up, the mill rate goes down. In and of itself it doesn’t change the absolute revenue at all.