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- Apr 14, 2006
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My wife grew up in Trumball. Her father commuted daily into Manhattan for work. They lived in CT because it was cheaper than living in NY but CT has been one of the highest cost of living states in the country for years. Plus......it snows there!
Mike
The cost of groceries, clothes, garden supplies, etc. is the same as almost everywhere else. With the exemptions for pensions, SS and tIRA withdrawals, the income taxes on a retiree are quite reasonable. My property tax is about 2% of the market value of my house (taxes are based on assessed value, which is 70% of appraised value; my mill rate is 26.5). Sales tax is 6.35%, with food exempted. The major contributor to the cost of living here is the relatively high cost of housing. But if you're retired and don't need to be close to work or easy commuting (by train or car), you can still find something quite reasonable.
And the snow is not that bad, particularly on the shoreline of Long Island Sound, where I live. It's not too cold in the winter and not too hot in the summer. If you grow plants, the shoreline is USDA Hardiness Zone 7a and inland is 6b, except in the northwest hills.
Thanks -- I will check CT out! Interested in what exactly their prop tax exemption would equate to.
"All veterans with a disability rating of 75 percent or more in Connecticut may receive a property tax exemption of $3,000 from the total assessed value of his/her property if the veteran served at least 90 days of active duty during wartime and are honorably discharged."
I would qualify for that criteria but does $3000 mean $3k OFF the tax BILL or just a Assessed value coming down from say 200K to 197K
It means $3k off the assessed value. So if you lived in my town, which has a mill rate of 26.5, it would save you $79.50 per year. Not much, but better than a poke in the eye with a sharp stick.
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