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Glass-Tie-4102 t1_j0hmkzo wrote

Reply to comment by illusionsformoney in Assessment change notice, 300k increase??? by Pitiful_Toe_6311

The notice said the new mill rate won’t be announced till May 2023. Just because your value went up 30% it says in notice that doesn’t mean your taxes will increase 30%. That would be a massive increase for already very high property taxes.

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illusionsformoney t1_j0i8shy wrote

The notice says how to calculate estimated increase. You need to subtract the increase in the Grandlist (18%) from the increase in valuation to get the net increase.

Basically the sum of all property in Stamford went up 18%, so if your property is up 18% you can expect no changes. Above 18% your taxes are going up by the difference, below 18% they’re going down.

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