Property Revaluation Increases 'Startling,' Milford Mayor Says

MILFORD, CT ? Property owners in Milford are receiving revaluations, and the increase in home values for many is "startling," according to newly elected Mayor Rich Smith.

However, Smith said that the increase in home value "does not mean your local taxes will be going up by an equivalent percentage."

Smith posted the following on Facebook:

In recent days, if you are a homeowner, you?ve likely received a notice about the latest revaluation of your property.

For many people, the increase in home values is startling. Average increase as high as 40%.

I want to assure you that this increase in home value does not mean your local taxes will be going up by an equivalent percentage.

In the days and weeks ahead I will be working with the city assessor, our director of finance and others to put together a plan to address and manage these assessments.

Please be advised to not apply the current mill rate to your new assessment. The rate is subject to change in the upcoming budget cycle which does not formally get submitted until February of 2026.

A more detailed statement will be released and more details will be shared when I have accurate information available. Rest assured, I remain committed to keeping taxes low and will work tirelessly to that end.

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