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New Canaan Taxes To Rise Slightly

Residents of New Canaan will pay a little more in their property taxes after the Board of Finance approved a new mill rate.

The finance board approved a tax rate of 13.853 mills for the 2011-12 year, an increase of 1.97 percent over the current rate of 13.585 mills. Town Finance Director Gary Conrad said the change will mean a home with a value of $1 million will have a tax bill of $9,687, up more than $177 from this year.

Finance Board member Susan LaPerla said the committee wanted to do all it could to keep the tax increase as low as possible. It agreed to use a $2.62 million fund balance to lower the tax increase. Had the town not used any money, the mill rate would have gone up more than 4 percent.

“We had a strong commitment to keep the tax increase low this year,” she said.

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