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Updated 3 months ago, 09/16/2024

Account Closed
  • Investor
1
Votes |
7
Posts

Middletown CT, fight a 40 percent tax increase 2023

Account Closed
  • Investor
Posted

Hi all,

I have a single family home I purchased in June 2021 for 200k.

Aside from cleaning up the yard, painting, and new water heater there have been no improvements.

I recently got a letter that my taxes are going up as they believe the property to be worth 225k as of June 2022. 

For Middletown Ct that is quite a market value increase year over year. I checked the town card (it’s right) and the mill rate is unchanged. It’s just the valuation.

If I don’t fight this valuation, I am paying taxes on a higher assessed value than what I bought it for a year ago (they do 5 year assessments) and it’s effectively a 40 percent increase in taxes vs 2017. I feel they should use the transaction value still.

I plan to fight with the fact that the market value was set a year ago and I have similar transactions that are lower from Refin this year and some had more bedrooms!

Anyone in the Middletown ct area ever successfully repeal this stuff?


If not no worries, I will appeal and write back here to tell you all about the experience for the next Middletown ct person! This way I can contribute to this knowledge center.


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