The Town of Glastonbury works on a Fiscal Year basis that runs from July 1 to June 30. The Mill Rate is set by the Board of Finance, usually between March 15 and April 15 for the coming year, however, per Town Charter no later than May 29. As required by State of Connecticut Statutes, every five years the Grand List of taxable property is revalued to current market values. The years that Re-valuations have been performed in Glastonbury are mentioned in the Comments Section below. For more information on how the taxes for the Town of Glastonbury are derived click here.
|Fiscal Year||Grand list year||Mill Rate||Comments|
|2016-2017||2015||36.40 & 37.00|
|2017-2018||2016||37.45 & 32.00|
Relating Mill Rate to a Tax Bill
Tax bills are generated as of July 1, the first day of the fiscal year based on the preceding October 1 Grand List of assessed property values which represents approximately 70% of market value. Real Estate and personal property tax bills are due in two installments, July 1 and January 1. Motor Vehicle tax bills are due July 1.
Distribution of Taxes
The Town of Glastonbury Collects Taxes for both the Town Of Glastonbury and the Glastonbury Public Schools. The table below reflects how the taxes are put to use for the 2017/2018 fiscal year:
|Government Entity||& of Taxes Received|
|Debt Service - General||2.3%|
|Debt Service - Education||3.4%|
In accordance with Connecticut State Statutes Sec 12-130, we estimate that we will receive $3,700,338 from the State financed programs. Without this assistance, the tax mill rate would have been 38.45 mills.