FAIRFIELD — The town budget is shrinking, but the property tax rate is growing.
Town Manager Joshua Reny announced Thursday that the property tax rate will change from $19.20 to $19.70 per $1,000 in assessed property, an increase of 2.6 percent.
A homeowner with a property valued at $100,000 will pay $50 more than last year as a result of the new tax rate.
Reny attributed the increase to a greater local burden for the Fairfield-based Regional School Unit 49.
“The tax increase is due to an 8.9 percent increase in the town’s share of the RSU 49 budget,” he said in a written statement.
The municipal budget was reduced by $40,540 during May’s Town Meeting, marking the third consecutive year of reductions.
Last year, the town reduced its budget about $200,000, resulting in a flat property tax rate, according to public statements from Town Councilor Harold Murray.
Reny reported that the taxes raised to support the town decreased by $63,893.
Fairfield’s allocation to the school increased by $296,302, from $3,315,438 to $3,611,740.
The first quarterly due date for property tax bills is Aug. 17.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.