DARIEN, Conn. – Darien residents might not see much of a change in the mill rate next year under the town’s proposed spending plan of $128.08 million.
The mill rate is essentially Darien’s tax rate, and under the preliminary spending proposal for 2013-14, the mill rate next year could increase from 12.68 mills to 13.51, according to town officials. Darien’s $128.08 million proposed spending plan includes the town budget of $42.66 million plus the $85.41 million the Board of Education is requesting in operating and capital expenditures.
Town officials are quick to say that these figures are purely preliminary and are subject to change. In fact, the Board of Finance was scheduled to hold a public hearing on the proposed town budget Tuesday night, which could influence those numbers because the Representative Town Meeting will not approve a final spending plan until May.
“At this early stage of the budget process, a mill rate calculation simply provides a reference point and is not a proposal for the rate of taxation,” wrote First Selectman Jayme Stevenson in her budget presentation earlier this month.
But to estimate what many Darien residents currently pay in property taxes, and what they could possibly pay next year, we’ll use an example of a $1,000,000 home. The assessed value of the home is 70 percent, or $700,000. Currently, the homeowner has a mill rate of 12.68, which equates to $12.68 per $1,000 of assessed value.
Under that scenario, the resident is paying about $8,876 in property taxes this year.
At next year’s possible rate of 13.51 mills, that resident could pay $9,457, an increase of $581 or about $48.41 more per month.