Car Tax Savings for Waterbury

June 10, 2015

I have been working to address this tax for some time through my work on the Finance Committee and the MORE Commission. We have made some headway toward equitability on this tax issue that sees a significant difference in taxes being paid on cars with the same make, model and year across municipalities. This budget includes a concrete step forward on this unfair tax.

Waterbury tax payers can expect to save hundreds of dollars in the coming years as a result of a statewide mill rate cap of 32 mills in 2016, and 29.36 mills in 2017. This same law will also ensure that Waterbury does not lose any revenue due to the change in the amount of car taxes collected by pledging 0.50% of the annual State sales tax to the towns in our State.

Below is a chart that demonstrates, for comparison purposes, the cost of the current and the new mill rate for taxpayers with some of the most popular cars.