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How taxes are calculated

Taxes are assessed as of October 1 and are levied (or collected) on the following July 1.  Two installments of the October 1 Grand List are due July 1 and January 1.  Liens are filed on the last day of the fiscal year (June 30).

One mill is equal to $1.00 of tax for each $1000 of assessment.  For Fiscal Year 2022-2023, the mill rate is 43.45 for Real Estate and Personal Property.  The mill rate for Motor Vehicle is 32.46.


Mill Rate:  43.45 mills (.04345)

If the 70% assessed value is $200,000

The tax calculation is:  $200,000 x .04345 = $8,690


Mill Rate History

See the previous Mill rates for the City of Bridgeport below:

Historic Mill Rates