Recent comments in /f/StamfordCT

learner77 t1_j0j7v3w wrote

Reply to Assessment change notice, 300k increase??? by Pitiful_Toe_6311

Fwiw - my assessment went up quite a bit too. But this doesn’t necessarily mean that your tax bill will go up. Mill rate will go DOWN for sure (although your taxes will almost certainly go up a bit, but not as much as you would this from the increase in assessment).

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angelt0203 t1_j0j4nv5 wrote

Reply to Dog Trainers by climbergirl11

Jumping in as we’re also looking for a dog trainer but I don’t really think I want to do in-home training. Any recommendations for a trainer who doesn’t do in-home?

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zinnadean t1_j0iuq5t wrote

Reply to Dog Trainers by climbergirl11

Sabine Hellge

She’s been my trainer for ~7 years and a good friend. I can send you her email in a DM.

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illusionsformoney t1_j0i8shy wrote

Reply to comment by Glass-Tie-4102 in Assessment change notice, 300k increase??? by Pitiful_Toe_6311

The notice says how to calculate estimated increase. You need to subtract the increase in the Grandlist (18%) from the increase in valuation to get the net increase.

Basically the sum of all property in Stamford went up 18%, so if your property is up 18% you can expect no changes. Above 18% your taxes are going up by the difference, below 18% they’re going down.

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urbanevol t1_j0h53di wrote

Reply to Assessment change notice, 300k increase??? by Pitiful_Toe_6311

Stamford, like every other CT city / town, is required to reassess property values every 5 years. These assessments are aimed to be 70% of the fair market value of the property. Due to the COVID real estate bubble, house prices went way up the last few years.

Our assessment has been adjusted to 25% higher than the prior year, but that does not mean that property taxes are going up 25%. The Board of Finance sets the mill rate in May 2023. There will be an increase but it should not be that huge, especially since prices are likely to decline from these peaks given the change in mortgage interest rates.

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BenVarone t1_j0h2q8g wrote

Reply to comment by magicsqueegee in Assessment change notice, 300k increase??? by Pitiful_Toe_6311

Yeah, assessed values are often still comically low relative to actual prices. For example, our house was last assessed by the city at $515k. New assessment came in at $660k. Actual assessment when we bought it? $1.2 million.

OP doesn’t even live in Stamford, so is part of the reason prices are so inflated and assessments are going up. I find it difficult to feel all that sympathetic for an out-of-town landlord.

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Neoseo1300 t1_j0gyr9b wrote

Reply to comment by ruthless_apricot in Assessment change notice, 300k increase??? by Pitiful_Toe_6311

My (limited) understanding of US property taxes is that if all houses in Stamford get inflated valuations and the overall budget of the city is not moving much, then the mill rate automatically adjust and your tax liability remains the same. That would be different if 1)the city decides to increase their budget, then asking more from each homeowner, or 2) if your house increased in value more than the rest of your neighborhood / city, then your “share” of the city taxes is higher. Anybody, feel free to correct me if I’m completely wrong!

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