New Fiscal Year Means Slight Tax Increases in Manchester

MANCHESTER, CT - The beginning of the new fiscal year on July 1 means a slight increase in taxes for Manchester property owners.

But, town officials said, it is the smallest boost in about a decade.

The 2016-17 fiscal year budget takes effect on July 1 and carries a general fund expenditure total of $183.5 million. The tax rate will go up from its current level of 34.68 mills to 34.85 mills. One mill is equal to $1 for every $1,000 in assessed value, so the tax rate means property owners will pay $34.85 cents for every $1,000 in value.

It all translates to increases of about $20 for property assessed at $118,000; about $24 for property assessed at $140,000; about $30 for a property assessed at $175,000; and about $36 for property assessed at $210,000.

See the entire budget document here.