To determine the taxes:
Appraisal amount x 70% = assessment amount
assessment amount reduced to 100's x mil rate = taxes
350,000 x 70% = 245,000
245,000 reduced to 100's = 245.000
245.000 x 24.0 (supposed mil rate) = 5880.00
5880.00 = taxes
Please know that the town's appraised amount and the assessed value are not determinants of market value. If you truly believe your market value is LESS THAN the town's appraised and assessed value they have on record, have an appraisal done and bring it to the assessor. You may be able to lower your tax obligation. They may also deny your request. If you are looking to purchase a home and you see the appraised and assessed amounts are lower than the asking price that IS NOT a valid reason to argue the seller should lower their price. Market price is different. Remember: the town may have gone through a town assessment years prior. Appraisals are only good for 6 months because the market conditions change. Towns can not afford to go through an assessment every 6 months.
Linda M. Byrne
The current taxes are 4,280 per year. According to the listing, the property has city sewers and well water.
Chris K. Canfield, Realtor, e-PRO, ABR, AHS, CRS, GREEN, SRES
http://www.AnyHomes.com e-mail: Chris@AnyHomes.com
RE/MAX Schoolside Realtors, Cheshire, Connecticut
Office: (203) 272-0890 Ext. 111