ANSONIA - As mayor of this community, I’d like to address our property tax concerns in Ansonia.
Why did my taxes go up this year?
Ansonia taxes increased for many people, including
myself, primarily due to revaluation of real property. Also, the state
contributed less funding in certain areas, which meant a loss of
revenue, while the city increased its local commitment
to our schools and police protection.
What is revaluation?
Connecticut
mandates municipal property revaluations every five years to measure
and determine changes in property values. By law, municipalities must
assess property for 70 percent of its fair
market value, which is then taxed.
How does it work?
Municipalities
hire professional property appraisal firms to complete field
inspections of all properties. Value is then determined using "generally
accepted mass appraisal methods," which for
residential properties includes comparing the recent sales of similar
properties and determining how much it would cost to replace the home if
it was damaged or destroyed.
When was the last time Ansonia had a revaluation?
Prior
to 2012, Ansonia's last property revaluation was performed in 2007 at
the height of the real estate growth, which resulted in unusually high
property assessments and protests from Ansonia's
commercial sector.
What happened this year?
As
required by State mandates, Ansonia hired a professional property
appraisal firm to inspect about 5,500 property parcels for the
revaluation process. The city's total taxable assessment for
real estate decreased by an average of 25 percent. The decrease was
fairly uniform across the city, but multi-family houses lost more value
than single-family homes.
With all that said, the city still needs to raise a fixed amount of money in order to provide services to its citizens.
How do we move forward?
As
Mayor of this fine community, I am instituting strong cost cutting
measures including an annual municipal energy rate reduction of
$380,000; water authority fire service reduction saving
over $3 million over the next ten years; a $802,000 reduction, over
four years, in cost saving reforms with municipal employee health, life
and dental benefits.
I am
also working with State and local officials to interconnect Derby’s
water treatment plant with Ansonia, providing savings for our ratepayers
from the state-mandated sewage treatment facility
upgrade.
Also moving forward, I am aggressively implementing a new economic development program to attract new business growth to Ansonia’s local economy and tax base, which will impact our Grand List, reducing the burden on our residents.
Also moving forward, I am aggressively implementing a new economic development program to attract new business growth to Ansonia’s local economy and tax base, which will impact our Grand List, reducing the burden on our residents.
I encourage anyone who has additional questions to contact me directly at 203-736-5900.
This is a guest column.
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