Reval 2003 percent tax change calculation
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CITY OF NORWALK 2003 REVALUATION CALCULATION

Just key in the 10/1/2003 Gross Assessment and the District value
stated on your Final Real Estate Assessment Change Notice. ,
Then Click on the "Calculate Estimated Tax Amount" Button.
Enter 10/1/2003 Gross Assessment Do Not enter commas. Ie: 277400
Enter District District Entered should be 1, 2, 3, 4, 5 or 6
Enter 1 ONLY for "No Trash Tax Rate" Leave this field blank unless you have no trash collection


Estimated tax due to revaluation
District Entered should be 1, 2, 3, 4, 5 or 6
District
District Description
Effective
No Trash
.
.
Tax Rate
Tax Rate
1
Downtown Norwalk
1.881%
1.832%
2
South Norwalk
1.881%
1.832%
3
East Norwalk
1.881%
1.832%
4
Main Area
1.888%
1.840%
5
Main Area
1.888%
1.840%
6,7
Rowayton
1.760%
1.760%

Example A:  A residence in Rowayton (a current 2002 mill rate of 27.10) with a $1,000,000 market value and a $700,000 assessed value would pay $12,320 in FY 2004-05 based on the revaluation numbers.  ($1,000,000 X 70% X 1.760% = $12,320, or $700,000 X .0176 = $12,320)

Example B:  A property in the 4th District of Norwalk with no trash collection (a current 2002 mill rate of 28.33) valued at $500,000 with a $350,000 assessed value would pay $6,440. ($500,000 X 70% X 1.840% = $6,440, or $350,000 X .0184 = $6,440)

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