DERBY – The members of the tax board voted Tuesday to adopt a $51.2 million preliminary budget.
The average residential property owner will see a tax bill increase of .75 percent, officials said.
The mill rate in the proposed budget is 38.86 mills. That is lower than the current mill rate of 43.2.
The budget was put together using new assessments from a state-mandated revaluation of all property in Derby. The Derby Board of Aldermen and Alderwomen voted to phase in the new property assessments by 20 percent over five years.
Officials said 60 percent of the city saw property values increase. About 8 percent of residential property owners saw increases of 100 percent or more.
Tax board chairwoman Colleen Germain-Ezzo said a public hearing on the preliminary budget has been scheduled for Tuesday, April 14. Keep an eye on the city website for the agenda. The budget then returns to the tax board for a final vote.
Residents should also keep an eye on the city website for a property tax calculator. Derby Finance Director Brian Hall said his department will build the calculator so residents can input their address to find out next year’s property tax bill using the new data.
Click here to read the budget.
The preliminary budget totals $51,260,080. It allocates $20,814,448 for Derby Public Schools, a year-to-year increase of $365,999.
The owner of a single-family residence on Hawthorne Avenue assessed at $255,000 would pay an additional $625 in property taxes next year under the preliminary budget.
The owner of a residence on Caroline Street assessed at $291,130 would pay an additional $662 next year.
The owner of a residence on Bradley Terrace assessed at $263,620 would pay an additional $70 in taxes next year.
The owner of a residence on Coppola Terrace assessed at $191,940 would pay $75 less in property taxes next year.
The members of the tax board have until the end of April to adopt the budget. The budget covers July 1, 2026 until June 30, 2027.
The full tax board meeting is embedded below.