Hebron Dollars & Sense
- Created on Thursday, 04 March 2010 02:55
We have created a new "Documents" Tab on the home page. It is the last tab, on the far right.
Tonight, we have added the latest CCM (Connecticut Conference of Municipalities) data on "Equalized Mill Rates." As you can see, of Connecticut's 169 Municipalities, Hebron holds the #31 spot of highest equalized mill rates in the state.
An "equalized mill rate" takes into account grand lists. For example, while shoreline towns may have a lower mill rate, their property values are higher, so they might easily pay more taxes than we do with our higher mill rate. Also notice in the CCM data Hebron's average per capita income: $30,937. It's about in the middle when compared to the other 169 municipalities.
Translation? We have one of the lower per capita incomes, but one of the highest mill rates in Connecticut. This information, coupled with Bill Generous' analysis of Connecticut taxes, puts us in a deeper hole than most other Connecticut communities.
We've also included the state's official data (slightly older) on equalized mill rates. For FY 2005-06, Hebron held the #32 position (you have to use the Sort feature in Excel to see this.) Translation? We're moving UP the scale on equalized mill rates. Our taxes are growing at a higher rate than other communities. this is consistent with Bill Generous' data.
Check the "Documents" Tab frequently for new data.