Excerpt:
A proposed statewide property tax on homes valued at $430,000 or higher would be largely paid by homeowners along Connecticut’s Gold Coast, with Greenwich accounting for more than 25% of all the new revenue, according to legislative estimates.
But the analysis prepared by legislative staff shows that some homeowners in smaller or less well-heeled towns like Manchester or Putnam, would also be on the hook for the new fee, though contributing far less to the estimated $75 million that would be raised annually than their Fairfield County counterparts.
Author: Russell Blair
Publication Date:
Publication Site: Hartford Courant