Greenwich RTM Approves Modified Schedule for Car Taxes: School Budget is Elephant in the Room for Some

The modified depreciation schedule increases the portion of a car’s MSRP that is subject to property tax by 5%.
“If the RTM votes yes, residents will receive slightly less reduction in motor vehicle taxes and the town will gain approximately $1 million in tax revenue. This  this will put less pressure on increasing the mill rate or cutting spending.” – James Waters BOC Chair Continue Reading →