Classes of Property Taxes
There are two classes of property subject to taxation:
— Real – land and improvements that are permanently attached to the land.
— Personal – all other property not classified as real property, to include, but not limited to, machinery, equipment, furniture, fixtures, motor vehicles, and leased equipment.

Date of Assessment
Property is assessed in Tolland as it exists on the assessment date.

The uniform assessment date for all cities and towns in the State of Connecticut is October 1.

What is the Grand List?
The total assessed value of all taxable property, as determined by the Assessor on October 1, is called the grand list.

The grand list must be completed by the Assessor and filed with the Town Clerk by January 31 (if necessary, the Assessor may request an extension to the end of February to complete his duties).

Mill Rate

Based on the grand list and the determination of the town operating budget, a tax rate (the mill rate) is set by the Town Council.

The property tax rate is in mills or thousandths of a dollar. For example, a tax rate of 30 mills is equivalent to $30.00 per $1,000 of assessed value.

Grand Levy
The amount of revenue which must be raised by the property tax is called the grand levy. When the grand levy is determined, tax bills are prepared.

Property Tax Rate
The property tax rate is determined by dividing the grand levy by the grand list. This rate is then applied to each taxpayer’s taxable property.

Tax Bills
Taxes on real property are due and payable in two installments, July 1 and January 1. Taxes on personal property, to include taxes on motor vehicles, are due and payable in two installments, July 1 and January 1.