How is the mill rate calculated?

The property tax rate is determined by dividing the total budget of the Town by the Net Taxable Grand List that is produced by the Town Assessor. The Net Taxable Grand List is a listing of all of the taxable Real Estate, Motor Vehicles, and Personal Property in the Town as of the assessment date of October 1. A tax rate of one mill is equal to $1.00 of tax for each $1,000 of property assessment.

The voters of the Town of Plainville have a choice as to what the mill rate will be by their participation in the budget meetings in March and the all-day budget vote in April. The Town Council sets the mill rate within thirty days of the budget being approved by the voters.