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February 2, 2007
MUNICIPAL REAL ESTATE CONVEYANCE TAX COLLECTIONS (FY 05-06): LOSS BY MUNICIPALITY IF RATES WERE SUNSETTED
| All data from CCM Survey of towns and cities, January 2007 |
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| MUNICIPAL REAL
ESTATE CONVEYANCE TAX COLLECTIONS (FY 05-06): |
| LOSS BY
MUNICIPALITY IF RATES WERE SUNSETTED |
| (Listed alphabetically by
municipality) |
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| |
Actual Collections |
If Rates Were Sunsetted Last
Year |
Loss |
State Rank (From largest loss
to smallest loss) |
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| Rates |
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|
|
| (1)
Targeted Inv. & Manufacturing Enterprise Zone Communities * |
0.50% |
0.36% |
-0.14% |
|
| (2)
All Other Communties |
0.25% |
0.11% |
-0.14% |
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| State
(165 municipalities reporting) ** |
$97,440,676 |
$52,191,717 |
($45,248,959) |
|
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|
|
|
|
| Andover |
$39,241 |
$17,266 |
($21,975) |
155 |
| Ansonia |
$281,409 |
$123,820 |
($157,589) |
75 |
| Ashford |
$89,174 |
$39,237 |
($49,937) |
133 |
| Avon |
$626,789 |
$275,787 |
($351,002) |
37 |
| Barkhamsted |
$43,839 |
$19,289 |
($24,550) |
153 |
| Beacon Falls |
$123,566 |
$54,369 |
($69,197) |
118 |
| Berlin |
$290,452 |
$127,799 |
($162,653) |
68 |
| Bethany |
$125,267 |
$55,118 |
($70,150) |
116 |
| Bethel |
$359,187 |
$158,042 |
($201,145) |
60 |
| Bethlehem |
$63,637 |
$28,000 |
($35,637) |
144 |
| Bloomfield |
$735,136 |
$529,298 |
($205,838) |
58 |
| Bolton |
$72,678 |
$31,978 |
($40,699) |
140 |
| Bozrah |
$28,577 |
$12,574 |
($16,003) |
161 |
| Branford |
$592,163 |
$260,552 |
($331,611) |
39 |
| Bridgeport |
$4,480,910 |
$3,226,255 |
($1,254,655) |
6 |
| Bridgewater |
$61,524 |
$27,071 |
($34,453) |
147 |
| Bristol |
$1,597,885 |
$1,150,477 |
($447,408) |
24 |
| Brookfield |
$564,984 |
$248,593 |
($316,391) |
42 |
| Brooklyn |
$126,028 |
$55,452 |
($70,576) |
115 |
| Burlington |
$162,051 |
$71,302 |
($90,749) |
104 |
| Canaan |
$28,846 |
$12,692 |
($16,154) |
160 |
| Canterbury |
$70,331 |
$30,946 |
($39,385) |
141 |
| Canton |
$287,745 |
$126,608 |
($161,137) |
69 |
| Chaplin |
NR |
NR |
NR |
NR |
| Cheshire |
$640,310 |
$281,736 |
($358,574) |
34 |
| Chester |
$80,880 |
$35,587 |
($45,293) |
136 |
| Clinton |
$237,684 |
$104,581 |
($133,103) |
85 |
| Colchester |
$286,934 |
$126,251 |
($160,683) |
70 |
| Colebrook |
$33,348 |
$14,673 |
($18,675) |
158 |
| Columbia |
$94,979 |
$41,791 |
($53,188) |
129 |
| Cornwall |
$45,874 |
$20,184 |
($25,689) |
151 |
| Coventry |
$204,985 |
$90,193 |
($114,791) |
94 |
| Cromwell |
$250,914 |
$110,402 |
($140,512) |
80 |
| Danbury |
$1,931,348 |
$849,793 |
($1,081,555) |
7 |
| Darien |
$1,346,892 |
$592,633 |
($754,260) |
10 |
| Deep River |
$76,593 |
$33,701 |
($42,892) |
138 |
| Derby |
$324,888 |
$142,951 |
($181,937) |
65 |
| Durham |
$91,871 |
$40,423 |
($51,448) |
130 |
| Eastford |
$19,963 |
$8,784 |
($11,179) |
162 |
| East Granby |
$101,536 |
$44,676 |
($56,860) |
126 |
| East Haddam |
$158,513 |
$69,746 |
($88,767) |
105 |
| East Hampton |
$278,147 |
$122,385 |
($155,762) |
76 |
| East Hartford |
$1,087,955 |
$783,328 |
($304,627) |
45 |
| East Haven |
$486,142 |
$213,902 |
($272,240) |
50 |
| East Lyme |
$343,023 |
$150,930 |
($192,093) |
62 |
| Easton |
$239,088 |
$105,199 |
($133,889) |
84 |
| East Windsor |
$188,787 |
$83,066 |
($105,721) |
100 |
| Ellington |
$261,143 |
$114,903 |
($146,240) |
78 |
| Enfield |
$1,138,895 |
$501,114 |
($637,781) |
17 |
| Essex |
$244,271 |
$107,479 |
($136,792) |
82 |
| Fairfield |
$2,376,556 |
$1,045,685 |
($1,330,871) |
5 |
| Farmington |
$721,464 |
$317,444 |
($404,020) |
28 |
| Franklin |
$19,733 |
$8,683 |
($11,050) |
163 |
| Glastonbury |
$994,033 |
$437,375 |
($556,658) |
20 |
| Goshen |
$153,540 |
$67,558 |
($85,983) |
107 |
| Granby |
$228,875 |
$100,705 |
($128,170) |
86 |
| Greenwich |
$7,312,695 |
$3,217,586 |
($4,095,109) |
1 |
| Griswold |
$145,465 |
$64,005 |
($81,460) |
110 |
| Groton |
$1,226,648 |
$883,187 |
($343,461) |
38 |
| Guilford |
$659,841 |
$290,330 |
($369,511) |
33 |
| Haddam |
$134,668 |
$59,254 |
($75,414) |
113 |
| Hamden |
$1,759,164 |
$1,266,598 |
($492,566) |
23 |
| Hampton |
$30,416 |
$13,383 |
($17,033) |
159 |
| Hartford |
$2,623,094 |
$1,888,627 |
($734,466) |
13 |
| Hartland |
NR |
NR |
NR |
NR |
| Harwinton |
$97,506 |
$42,903 |
($54,603) |
128 |
| Hebron |
$165,500 |
$72,820 |
($92,680) |
102 |
| Kent |
$136,946 |
$60,256 |
($76,690) |
112 |
| Killingly |
$286,264 |
$125,956 |
($160,308) |
71 |
| Killingworth |
$146,433 |
$64,431 |
($82,003) |
109 |
| Lebanon |
$120,986 |
$53,234 |
($67,752) |
120 |
| Ledyard |
NR |
NR |
NR |
NR |
| Lisbon |
$58,874 |
$25,905 |
($32,969) |
148 |
| Litchfield |
$221,497 |
$97,459 |
($124,038) |
91 |
| Lyme |
$81,275 |
$35,761 |
($45,514) |
134 |
| Madison |
$585,045 |
$257,420 |
($327,625) |
40 |
| Manchester |
$1,089,276 |
$479,281 |
($609,995) |
18 |
| Mansfield |
$222,870 |
$98,063 |
($124,807) |
88 |
| Marlborough |
$102,879 |
$45,267 |
($57,612) |
124 |
| Meriden |
$1,556,014 |
$1,120,330 |
($435,684) |
26 |
| Middlebury |
$285,027 |
$125,412 |
($159,615) |
73 |
| Middlefield |
$45,213 |
$19,894 |
($25,319) |
152 |
| Middletown |
$1,439,178 |
$1,036,208 |
($402,970) |
29 |
| Milford |
$1,210,770 |
$532,739 |
($678,031) |
15 |
| Monroe |
$445,246 |
$195,908 |
($249,338) |
52 |
| Montville |
$336,266 |
$147,957 |
($188,309) |
63 |
| Morris |
$58,425 |
$25,707 |
($32,718) |
149 |
| Naugatuck |
NR |
NR |
NR |
NR |
| New Britain |
$1,362,414 |
$980,938 |
($381,476) |
32 |
| New Canaan |
$1,862,273 |
$819,400 |
($1,042,873) |
8 |
| New Fairfield |
$366,126 |
$161,095 |
($205,031) |
59 |
| New Hartford |
$110,502 |
$48,621 |
($61,881) |
123 |
| New Haven |
2,655,956 |
1,912,288 |
(743,668) |
12 |
| Newington |
$435,567 |
$191,649 |
($243,918) |
53 |
| New London |
$570,241 |
$410,573 |
($159,667) |
72 |
| New Milford |
$702,261 |
$308,995 |
($393,266) |
30 |
| Newtown |
$910,429 |
$400,589 |
($509,840) |
22 |
| Norfolk |
$46,664 |
$20,532 |
($26,132) |
150 |
| North Branford |
$196,432 |
$86,430 |
($110,002) |
99 |
| North Canaan |
$38,785 |
$17,065 |
($21,720) |
157 |
| North Haven |
$493,285 |
$217,045 |
($276,240) |
49 |
| North Stonington |
$97,619 |
$42,952 |
($54,667) |
127 |
| Norwalk |
$6,546,063 |
$4,713,165 |
($1,832,898) |
3 |
| Norwich |
$1,113,912 |
$802,017 |
($311,895) |
44 |
| Old Lyme |
$221,590 |
$97,499 |
($124,090) |
90 |
| Old Saybrook |
$371,822 |
$163,602 |
($208,220) |
57 |
| Orange |
$325,715 |
$143,315 |
($182,400) |
64 |
| Oxford |
$584,026 |
$256,972 |
($327,055) |
41 |
| Plainfield |
$201,140 |
$88,501 |
($112,638) |
96 |
| Plainville |
$222,154 |
$97,748 |
($124,406) |
89 |
| Plymouth |
$140,321 |
$61,741 |
($78,580) |
111 |
| Pomfret |
$73,467 |
$32,325 |
($41,141) |
139 |
| Portland |
$125,214 |
$55,094 |
($70,120) |
117 |
| Preston |
$62,893 |
$27,673 |
($35,220) |
145 |
| Prospect |
$262,897 |
$115,675 |
($147,222) |
77 |
| Putnam |
$147,279 |
$64,803 |
($82,476) |
108 |
| Redding |
$355,537 |
$156,436 |
($199,101) |
61 |
| Ridgefield |
$1,213,550 |
$533,962 |
($679,588) |
14 |
| Rocky Hill |
$384,203 |
$169,050 |
($215,154) |
56 |
| Roxbury |
$80,932 |
$35,610 |
($45,322) |
135 |
| Salem |
$78,736 |
$34,644 |
($44,092) |
137 |
| Salisbury |
$202,299 |
$89,012 |
($113,287) |
95 |
| Scotland |
$10,221 |
$4,497 |
($5,724) |
165 |
| Seymour |
$307,106 |
$135,127 |
($171,979) |
67 |
| Sharon |
$102,557 |
$45,125 |
($57,432) |
125 |
| Shelton |
$919,481 |
$404,572 |
($514,909) |
21 |
| Sherman |
$123,002 |
$54,121 |
($68,881) |
119 |
| Simsbury |
$505,065 |
$222,229 |
($282,836) |
48 |
| Somers |
$126,460 |
$55,643 |
($70,818) |
114 |
| Southbury |
$638,214 |
$280,814 |
($357,400) |
35 |
| Southington |
$1,446,343 |
$1,041,367 |
($404,976) |
27 |
| South Windsor |
$405,469 |
$178,406 |
($227,063) |
55 |
| Sprague |
$42,286 |
$18,606 |
($23,680) |
154 |
| Stafford |
$163,375 |
$71,885 |
($91,490) |
103 |
| Stamford |
$4,852,146 |
$2,134,944 |
($2,717,202) |
2 |
| Sterling |
$69,500 |
$30,580 |
($38,920) |
142 |
| Stonington |
$537,295 |
$236,410 |
($300,885) |
46 |
| Stratford |
$1,030,707 |
$453,511 |
($577,196) |
19 |
| Suffield |
$258,923 |
$113,926 |
($144,997) |
79 |
| Thomaston |
$90,559 |
$39,846 |
($50,713) |
131 |
| Thompson |
$118,907 |
$52,319 |
($66,588) |
121 |
| Tolland |
$241,147 |
$106,105 |
($135,042) |
83 |
| Torrington |
$564,551 |
$248,403 |
($316,149) |
43 |
| Trumbull |
$90,064 |
$39,628 |
($50,436) |
132 |
| Union |
$15,416 |
$6,783 |
($8,633) |
164 |
| Vernon |
$414,160 |
$182,230 |
($231,930) |
54 |
| Voluntown |
$38,792 |
$17,069 |
($21,724) |
156 |
| Wallingford |
$797,063 |
$350,708 |
($446,355) |
25 |
| Warren |
$62,221 |
$27,377 |
($34,844) |
146 |
| Washington |
$284,803 |
$125,313 |
($159,490) |
74 |
| Waterbury |
$2,675,591 |
$1,926,426 |
($749,165) |
11 |
| Waterford |
$320,654 |
$141,088 |
($179,566) |
66 |
| Watertown |
$113,260 |
$49,835 |
($63,426) |
122 |
| Westbrook |
$167,501 |
$73,700 |
($93,801) |
101 |
| West Hartford |
$1,486,141 |
$653,902 |
($832,239) |
9 |
| West Haven |
$696,234 |
$306,343 |
($389,891) |
31 |
| Weston |
$636,034 |
$279,855 |
($356,179) |
36 |
| Westport |
$2,504,665 |
$1,102,053 |
($1,402,612) |
4 |
| Wethersfield |
$482,666 |
$212,373 |
($270,293) |
51 |
| Willington |
$65,703 |
$28,909 |
($36,794) |
143 |
| Wilton |
$1,179,799 |
$519,112 |
($660,687) |
16 |
| Winchester |
$207,009 |
$91,084 |
($115,925) |
93 |
| Windham |
$401,425 |
$289,026 |
($112,399) |
97 |
| Windsor |
$524,440 |
$230,754 |
($293,687) |
47 |
| Windsor Locks |
$226,621 |
$99,713 |
($126,908) |
87 |
| Wolcott |
$197,009 |
$86,684 |
($110,325) |
98 |
| Woodbridge |
$209,722 |
$92,278 |
($117,444) |
92 |
| Woodbury |
$246,091 |
$108,280 |
($137,811) |
81 |
| Woodstock |
$157,911 |
$69,481 |
($88,430) |
106 |
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| * The following
communities are targeted investment zones: Bloomfield, Bridgeport, Bristol,
East Hartford, Groton, |
| Hamden,
Hartford, Meriden, Middletown, New Britain, New Haven, New London, Norwalk,
Norwich, Southington, |
| Waterbury, and Windham. |
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| ** The
following communities have not yet reported their FY 05-06 collections:
Chaplin, Hartland, |
| Ledyard, and Naugatuck. |
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| NR: No response. |
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| General Note: |
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| Variables to
consider when projecting conveyance tax revenue include: trends in home
prices, |
| trends
in the volume of home sales, and each towns' unique market characteristics.
Given the volatility of |
| these
variables, actual FY 05-06 information is the best measure available to
approximate |
| town-by-town losses going
forward. |
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