In-Depth: A Look at East Haven's Projected Tax Rate for Next Year

On Monday night Mayor Joseph Maturo Jr. unveiled his $89 million proposed budget for fiscal 2015-16, which will reduce the tax rate for residents.

Often the best way to decipher what that actually means is taking the property taxes of existing houses to determine what your savings may be.

In the present fiscal year, the mill rate was set at 32.05. As a result, over 6,200 of the 10,000 homes in Town continued to pay $374 less (on average) in taxes than they were paying prior to Maturo resuming office in 2011, according to Maturo’s budget presentation.

Here are two examples:

For example, the owner of a 2 bedroom, 1 bath cape located on Ozone Road paid $518 dollars less than he or she was paying prior to Maturo resuming office in 2011, Maturo said. In 2011 that house was valued at $143,480 and now its valued at $102,840.

“Well, for the owner of the property on Ozone Road that I referred to earlier, it will mean that he or she will pay $52 less than he or she paid last year alone and $570 dollars (or 14.9%) less than he or she paid prior to my resuming office in 2011,” Maturo said.

The second example.

Again, the owner of this property – a 3 bedroom, 1.5 bath ranch located on Holland Road paid $610 dollars less than he or she was paying prior to Maturo resuming office in 2011, Maturo said in his budget address. That house was valued at $184,950 in 2011 and now its valued at $134,380.

“Similarly, for the owner of the property on Holland Road that I referred to moments ago, it will mean that he or she will pay $67 dollars less than he or she was paying last year and $677 dollars (or 13.7%) less than he or she was paying prior to my resuming office in 2011,” Maturo said. 

Related story:

• Maturo Proposes Largest Tax Reduction Since 1989 for East Haven