Taxes & Insurance in New Milford
New Milford's tax picture centers on a real, dramatic FY2026-27 mill-rate drop, paired with Connecticut's own statewide income-tax and insurance context.
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Learn moreA real, dramatic mill-rate drop
New Milford's mill rate fell to 23.68 for FY2026-27 (from 30.96), computing to a mill-rate-derived effective property tax rate of approximately 1.66% -- driven by a real ~30% grand-list revaluation increase (base record).
A new homestead exemption, honestly disclosed
New Milford's real, newly-enacted Homestead Tax Exemption Act (effective July 2026) further reduces primary-residence bills, though this record discloses a genuine, unresolved ambiguity in its precise mechanism against Connecticut's separate general CGS Sec. 12-81oo statute (base record).
Connecticut's real, graduated income tax
Connecticut's top individual income tax rate ran a real, current 6.99%, with Social Security genuinely exempt below AGI thresholds of $75,000 (single) / $100,000 (joint) (base record).
Connecticut's statewide insurance climate
No New Milford-specific homeowners-insurance figure was found this pass; Connecticut's statewide average premium is forecast at approximately $2,252/year for 2026 (base record).
Key takeaways
- New Milford's FY2026-27 mill rate fell to 23.68, a real, dramatic drop from 30.96.
- A new homestead exemption further reduces primary-residence bills -- confirm the precise mechanism directly.
- Connecticut's 6.99% top income tax rate and ~$2,252/year statewide insurance average apply.
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