- December 23, 2021
- Posted by: Stratford Team
- Category: Business
Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question.
Q. I’m planning on starting a business out of my Greenwich, Connecticut, home. Are there any property tax implications?
A. There is a property tax for business owners in Greenwich, Connecticut, according to Heather Smeriglio, the town’s tax collector.
Business owners fill out a Declaration of Personal Property annually, which they must file with the Tax Assessor’s office by Nov. 1, Ms. Smeriglio said in an email.
“The assessor places a value on the property and the tax bill is created by multiplying that assessed value by the mil rate set by the Board of Estimate & Taxation,” she continued. “Currently, the mil rate is 11.590.”
More: What U.S. States Are Considering Property Tax Changes for 2022
The Declaration of Personal Property lists “all personal property items used (full or part-time) in the conduct of the…
