Mill Rate & Distribution of Taxes

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.

Relating Mill Rate to a Tax Bill

Tax bills due July 1 would be based on that same fiscal year, i.e. a tax bill for July 1, 2013 would be for Fiscal Year 2013-2014.  The assessed value would be based on the Grand list value as of October 1 of the prior year, in the case of a bill for July 1, 2013 that would be October 1, 2012.  Tax bills due January 1 would be based on the Fiscal Year starting the previous July 1 and a Grand list based on the October 1 of year prior to that. Example:  A Tax bill for a vehicle for January 1, 2012 would be based on fiscal year 2012-2013 and a Grand List as of October 1, 2011.

Distribution of Taxes

The Town of Glastonbury Collects Taxes for both the Town Of Glastonbury and the Glastonbury Public Schools.  Shown below are how the taxes are put to use for the 2013/2014 fiscal year:

In accordance with Connecticut State Statutes Sec 12-130, we estimate that we will receive $7,493,897.00 from the State financed programs.  Without this assistance the tax mill rate would have been 37.10 mills