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 CT 1096, Connecticut Annual Summary and Transmittal of CT 2020

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good morning everyone i want to take a second to talk about something that is always a favorite topic of people or a favorite gripe of people i should say in connecticut and that is property taxes now if you're a first-time home buyer or even if you just never really paid that much attention you may have some questions around how property taxes work uh first of all i'm not a tax attorney i'm a cpa but i am a homeowner and a realtor that deals with this on a regular basis so i think i have a pretty good grasp of it and i can give you kind of the fundamentals of how to take a look at property taxes when you're searching for a new home um there's a couple main terms that you gotta understand uh and so that you know kind of what people are talking about when they're talking about tax rates that is the mill rate and the assessed value so mill rate is uh first of all mill comes from the latin for a thousand and that is the rate at which each th

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ct-945
Federal Form 1096

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