Date: Fri 22-May-1998

Publication: Bee

Author: STEVEB

Quick Words:

tax-rate-council

Full Text:

Tax Rate Set At 26.9 Mills

The Legislative Council set the tax rate at 26.9 mills for the 1998-99 fiscal

year at its regular meeting Wednesday night.

Tax bills to pay for the $59.3 million budget approved earlier this month will

be sent out to all homeowners in late June.

The average home in Newtown is assessed at between $175,000-$200,000.

Therefore, the average tax bill will be between $4,700-$5,300.

According to the assessor's office, there are 9,774 total accounts in town

(vacant lots and homes), of which 7,696 are homes.

Newtown residents own a total of 20,809 motor vehicles, each with an average

assessment of $7,000.

The following is a list of the top 10 taxpayers in Newtown and their net

assessed value, according to the 1997 grand list:

1. Connecticut Light & Power, $20,932,130;

2. DD Newtown Partners LTD Partnership, $13,938,710;

3. Sorvall Products LP Limited Partnership, $11,394,740;

4. Taunton Press, $8,574,340;

5. Iroquois Gas Transmission System, $7,092,380;

6. Barnabas Realty Group General Partnership, $6,591,980;

7. Harvey Hubbell, Inc, $6,307,140;

8. Newtown Shopping Village Limited, $5,425,910;

9. Arbar Properties Limited Partnership, $5,260,420;

10. Pateley Associates & Hirey Realty, $4,040,230.