In Connecticut the assessment and collection of property taxes are an exclusive function of municipal government.  The Assessor’s Office determines the assessed value of all real and personal property located in Weston.  The assessed value in Connecticut has been established as 70% of the market value as of a specified October 1.  The total of all taxable and non-taxable property comprises what is known as the grand list.  Property is categorized into three general types - real estate, personal property and registered motor vehicles.  For personal property, including registered motor vehicles, values are updated every year as of October 1.  For real property, values are updated at least every five years under current law.  A revaluation of all real property was completed and implemented by the Town as of October 1, 2008.  The grand list of October 1, 2008 will affect the property taxes for the July 1, 2009 to June 30, 2010 fiscal year.  The previous revaluation was implemented for the 2003 grand list.

 

The grand list (GL) as of October 1, 2008, was filed with the Town Clerk on February 25, 2009.  The total taxable grand list, used to determine the July 1, 2009 tax rate, was $2,629,054,765.  The current tax rate ( AKA mill rate) is 24.05 for the July 2008 – June 2009 fiscal year.  The tax rate for the 2008 GL will be 23/61.The tax levy is the amount of money the Town must raise through property taxation after all other revenue sources are estimated.  The tax, or mill, rate is determined by dividing the tax levy by the taxable grand list.  That rate, typically stated as a dollar amount per thousand dollars of assessed value, multiplied by each individual assessed value determines the amount each taxpayer will pay for a given fiscal tax year.

 

The Assessor’s Office works closely with the Tax Collector’s Office.  If you have questions about your assessment and how your tax was calculated, call (203) 222-2606.  If you have questions about your tax bill, call the Tax Collector at (203) 222-2696.