What essential information is included in a property tax bill in Connecticut?

The inclusion of the assessed value, tax rate, and total tax due in a property tax bill is crucial for several reasons. The assessed value represents the value of the property as determined by the local assessing authority, which is used as the basis for calculating property taxes. This value provides taxpayers with a clear idea of what portion of the total property value is being taxed.

The tax rate, often expressed in mills (amount of tax per $1,000 of assessed value), is necessary for calculating the total taxes owed. It allows property owners to understand how local government funding is derived from property taxes and how their individual property’s tax contributes to the overall budget for services such as education, public safety, and infrastructure.

Finally, the total tax due informs property owners of the exact amount they are required to pay for that assessment period, providing crucial financial planning information. Such transparency in the property tax bill is essential for maintaining public trust in the municipal assessment process and ensuring property owners are clear on their tax obligations.

The other options present information that, while relevant in certain contexts, are not standard components of a property tax bill. For instance, estimated sale prices and potential rental income estimates might be useful for buyers or investors but do not pertain to the property tax