Question: When I multiply the estimated project cost of $51,695,000 by the State reimbursement rate of 52.5% I get $27,139,875. How come this is different than the $23,352,145 on your mailer?
Answer: The $23,352,145 was calculated by multiplying the 52.5% by reimbursable expenditures only. Although the total project is estimated to cost $51,695,000 the reimbursable expenditures are estimated to be $44,480,276. There are certain project costs that the State does not reimburse for.
The link below will redirect you to a State of Connecticut Department of Construction Services document regarding ineligible costs.
Question: The Tax impact on your mailer is based on a home assessed at $184,000. My home is not assessed at that amount. How do I calculate what the impact will be for me?
Answer: By selecting the link below you will be brought to an on-line property tax estimator. The web page will allow you to adjust your assessed value.