The new assessments have been mailed to New Haven taxpayers, and there has been a lot of talk about what that will mean for residential taxpayers. What hasn't been touted as much is that the reassessment helps commercial taxpayers. First of all, most of their building values have not gone up over the past ten years. Secondly, commercial enterprises are taxed also on personal property. Therefore, when real estate assessments go up, personal property taxes go down, making the commercial sector's share of overall city taxes go down.
Sometimes commercial taxpayers do get some breaks!