Tax Increase Is Still Too High
Tax Increase Is Still Too High
To the Editor:
Thanks for cutting the rate of our tax increase, but itâs still not enough. The current proposed tax increase is 3.7 percent. In 2006 the Consumer Price Index went up 3.2 percent but the average for the past five years was only 2.6 percent. Newtownâs taxes have increased more than twice that rate (5.6 percent) over the same period. Hereâs another way of thinking about it: the average home in Newtown is assessed at $263,000 and pays about $8,000 in taxes per year (including 2 autos). In just over six years at these current rates you would be paying around $12,000 per year and it would double in 13 years. New Milford just passed a 2.24 percent increase; Ridgefieldâs was 2.64 percent; Bethel is asking for 1.4 percent and adding services! Whatâs wrong with this picture? Newtown needs more creative ways to raise the townâs revenue. The answer is not just simply to raise taxes and/or cut services.
Warren Hoppmeyer
23 Cobbler Mill Road, Sandy Hook                               May 16, 2007