How Property Taxes Work in North Haven

Property taxes are a significant part of funding essential services in North Haven, from public schools to emergency services to infrastructure maintenance. Understanding how these taxes are calculated and allocated can help residents better navigate their finances and participate in local decision-making. Here’s a breakdown of how property taxes work in our town.

North Haven Town Green

1. What Are Property Taxes?

Property taxes are a levy imposed by local governments based on the assessed value of your property (houses and cars). These taxes fund public services that benefit everyone in the community, including:

• Education

• Public safety (police, fire, and EMS)

• Road and infrastructure maintenance

• Bulk and leaf pickup

• Plus much more!

2. How Is My Property Tax Bill Calculated?

Your property tax bill is determined using the assessed value of your property and the mill rate set by the town.

• Assessed Value:

  • The town’s assessor evaluates your property to determine its market value.

  • Properties are assessed at 70% of their market value in Connecticut.

  • Example: If your home’s market value is $450,000, its assessed value is $315,000.

• Mill Rate:

  • The mill rate represents the amount of tax payable per $1,000 of assessed value.

  • For example, if North Haven’s mill rate is 34.64, you would calculate your property taxes like this:

  

3. What Determines the Mill Rate?

The mill rate is set annually by the Board of Finance during the budgeting process. It is influenced by:

• Total Town Budget:

  • The funds needed to operate schools, maintain infrastructure, and provide other essential services.

• Grand List Value:

  • The total assessed value of all taxable properties in North Haven (both residents and businesses contribute to the Grand List).

  • If the Grand List grows due to new construction or increased property values, the mill rate may decrease to generate the same revenue.

4. Why Do Property Taxes Change?

Property taxes can change for several reasons:

• Revaluation:

  • Every five years, the town reassesses properties to reflect current market values.

  • If your property value increases more than the average, your taxes may go up, even if the mill rate stays the same or decreases.

• Budget Changes:

  • If the town budget increases due to rising costs or new projects, the mill rate may be adjusted upward to cover expenses.

• State Mandates:

  • Requirements set by the state government can impact the town budget, such as education funding formulas or environmental regulations.

5. How Can I Participate in the Process?

Your voice matters in shaping North Haven’s budget and mill rate. Here’s how you can get involved:

• Attend Public Meetings:

  • The Board of Finance and Board of Selectmen hold budget discussions that are open to the public.

  • This is your chance to hear proposals and express your concerns or support.

• Vote in Local Elections:

  • The officials you elect play a direct role in setting tax policy and managing the town’s finances.

• Contact Your Representatives:

  • Share your thoughts with local leaders about spending priorities and tax policies.

The North Haven DTC Executive Board

6. How Property Taxes Benefit North Haven

While paying property taxes is not anyone’s favorite part of homeownership, these funds are vital for maintaining and improving our town. Your contributions help:

• Keep our schools among the best in the region.

• Maintain safe roads and public spaces.

• Support police, fire, and other emergency services that keep us secure.

Final Thoughts

Property taxes are an essential part of what keeps North Haven running smoothly. By understanding how they’re calculated and how the funds are used, you can make informed decisions and participate more effectively in local government.

If you have any questions about property taxes or want to share your thoughts, the North Haven Democratic Town Committee is here to listen. Let’s work together to ensure that our tax dollars are used efficiently and equitably to benefit everyone in our community.

Want to get involved in shaping North Haven’s future? Join the North Haven Democratic Town Committee and be part of the conversation!