How and when will my taxes be affected by this revaluation?

The revaluation will affect your tax bill. The amount of your new tax bill is calculated by multiplying your new assessment value times the new mill rate. Since the new mill rate will not be established until the budgetary process has been completed, it is not possible to estimate your new tax bill at this time.

Again, please DO NOT use the current Mill rate to try to estimate your new taxes as it is based on the 2020 Grand List period of 10/1/2020 to 9/30/2021. Until a total Grand List including new values of all taxable property classes is completed (real estate, motor vehicles, and personal property AND a new Fiscal Year 2022-2023 budget is formally adopted in late Spring 2022, the tax rate and property taxes cannot be determined.

NOTE: A new mill rate will not be determined until after the Town and School budgets have been finalized and approved by the Board of Finance in late Spring 2022.

Show All Answers

1. Why is Trumbull undertaking a revaluation now?
2. What is a revaluation?
3. When will the revaluation take effect?
4. How will the Town revalue all property?
5. How will property owners be notified of the new assessment?
6. How do I determine what my property has been appraised at (market value estimate)?
7. What should I do if I disagree with my new assessment/market value estimate?
8. Is there a way to determine the accuracy of my assessment?
9. How will I know if my assessment is equitable?
10. How is the tax (mill) rate established?
11. How and when will my taxes be affected by this revaluation?
12. What about Veterans, Elderly, and Totally Disabled Homeowners Programs?