Politics & Government
Canton Voters Say 'Yes' To Post-Revaluation Tax Hike Phase-In
After Thursday's town meeting, Canton residents impacted by the revaluation will pay for the full impact over four years instead of at once.
CANTON, CT — A packed meeting room at the Canton Public Library & Community Center Thursday said "yes" to a plan to ease the tax pain for some following a recent revaluation.
According to Canton First Selectman Kevin Witkos Friday morning, the "overflowing room" approved a phase-in of the tax impacts associated with the change in property values.
Witkos said the vote was 96-64 in favor of the phase-in.
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As a result, tax impacts following last year's revaluation this year will be phased over four years instead of being administered all at once.
Historically, revaluations can be painful for taxpayers whose values for their homes increased.
Find out what's happening in Cantonfor free with the latest updates from Patch.
With a revaluation, property values can skyrocket, which is good when you're selling a property, but bad when it comes to short-term tax bills, which can also skyrocket.
Thursday, Canton voters said "yes" to imposing a four-year phase-in of the revaluation tax impacts, authorizing the finance board to calculate a mill rate based on such a phase-in.
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