How Your Taxes are Determined
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: