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.

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