Tax Bill & FY2027 Budget Information
Your Tax Fact of The Quarter
The grand list is the net taxable assessed value of all the property in the town. This includes property such as private residences, private vehicles, business personal property, and commercial property. In Connecticut, the net taxable assessed value of an asset is determined as 70% of the property’s fair market value.
*Most if not all town activities are funded by the grand list.
TOWN TAX COLLECTOR
TAX BILL INFORMATION
TAX BILLS DUE JANUARY 1, 2026
DELINQUENT AFTER FEBRUARY 2, 2026
The Town of Bloomfield Tax Collector’s Office will issue supplemental motor vehicle and 2nd installment real estate tax bills, the last week of December 2025. These bills are due on January 1, 2026, and will be considered delinquent after February 2, 2026.
Payment options
Avoid Lines, Pay Taxes Online!
Visit www.mytaxbill.net/Bloomfield
Convenience fees apply.
Pay in Person
Cash, checks, or money orders are accepted in the office.
Mail Checks or Money Orders to:
Town of Bloomfield Tax Collector 800 Bloomfield Avenue Bloomfield, CT 06002
Drop Box
You may utilize the drop box when paying with a check or money order. The drop box is located in the roundabout on the Park Avenue side of Town Hall.
Paying Your Taxes
Paying your local taxes in Connecticut directly supports the community you live in. These funds maintain essential services like schools, public safety, road repairs, parks, and waste collection—ensuring a safe, vibrant, and well-run town for everyone. Your contribution keeps Bloomfield thriving and helps preserve the quality of life we all share.
TOWN OF BLOOMFIELD
TAX CALCULATOR
The Town of Bloomfield’s Tax Calculator is a helpful online tool designed to let property owners estimate their real estate taxes during the four-year phase-in period following the most recent state-mandated revaluation. By entering your property’s post-revaluation assessed value and either your pre-revaluation value or percentage increase, the calculator provides an estimate of how your taxes may change over time using the current baseline mill rate and an assumed annual mill rate adjustment. This interactive resource gives residents a clearer picture of potential tax impacts, though final tax bills can vary based on the Town Council’s adopted rates and budget decisions.
TOWN OF BLOOMFIELD
FY 2027 BUDGET INFORMATION
Each year the Town Council adopts a budget for the Town in accordance with the Town Charter and state statutes. Budget for the fiscal year runs from July 1 through June 30. This year’s proposed budget will strike a careful balance between addressing immediate needs and preparing for future growth. It is our hope, that you find this information helpful and gain a better understanding of how the Town of Bloomfield prepares and presents a budget to the Town Council for final adoption.
WANT TO KNOW MORE?
The budget is more than just numbers – it’s a detailed plan that outlines how we allocate resources to keep our community running smoothly. From public safety and road maintenance to parks and recreation, the budget ensures that your tax dollars are working effectively to support services you rely on. We invite you to explore and learn more about the process, priorities, and projects funded each year. Transparency and community involvement are key, so visit our website or attend a budget meeting to see how your voice can make a difference!
REVENUES
EXPENDITURES
REVENUES Revenue estimates are projections of how much money the Town will receive during the fiscal year. Major categories of revenue include, property taxes (87%), grants (5%), licenses, permits, interest income, and miscellaneous income (8%).
EXPENDITURES Expenditure estimates include the cost of Town services, including the salaries of employees, pensions, debt service, and routine operating expenses such as utilities and contracts. It is a legally binding commitment to a level of appropriations for a particular fiscal year. The expenditure budget is generally thought of as the “Town budget.” FUND BALANCE A fund balance is the difference between revenue streams and expenditures in a specific fund. It’s essentially, “leftover” money in the fund at the end of the fiscal year that can be allocated for future needs. A fund balance protects the Town against catastrophic revenue losses and major emergency expenditures. Examples include severe economic downturns and extreme weather conditions such as hurricanes and other natural disasters.
How much needs to be in the General Fund balance for the Town to be considered financially healthy?
A healthy fund balance contributes to the Town’s favorable bond rating. Bond rating agencies advise that the General Fund reserve total at least 10 to 15% of the total general fund budget. Additionally, Bloomfield has a fund balance policy goal of maintaining the unrestricted fund balance at 15 to 20% of the general fund operating budget.
DEBT SERVICE
Debt service provides for the payment of debt related expenses. Towns often borrow money for large purchases exceeding 15 years or more. Funds are usually borrowed by issuing bonds. Bloomfield has, for example, issued bonds to pay for renovations to the public libraries, schools and town buildings. Better bond ratings mean that the Town’s bonds are considered to be a good investment. Good bond ratings are also evidence that the Town is financially healthy. A bond rating is the primary factor in determining the interest rate that the Town needs to pay on debt. The better the bond rating, the more likely it becomes that the Town will pay lower interest rates on debt.
CAPITAL IMPROVEMENT PLAN (CIP)
As a part of the Annual Budget process, the Town Manager prepares and revises a five-year plan for all capital projects. Each year the Town allocates funds to the capital and non-recurring expenditures fund to pay for the costs of items such as equipment, vehicles and facilities improvements that may be financed over more than one year. The CIP provides an effective means of preserving as well as adding to the physical assets of the Town. It is also vital for a growing community like Bloomfield to maintain the level of public safety, welfare and quality of life that taxpayers expect. During the fiscal year, the Town Manager will request the Town Council to approve appropriations for capital items. These appropriations are considered and implemented consistent with the CIP, the purchasing ordinance and Town Charter.
BOARD OF EDUCATION
Bloomfield Board of Education provides for education of Bloomfield students in grades Pre K-12. The Board and the Superintendent work together to implement and manage their budget. Bloomfield Board of Education has its own elected board of officials. In the fall, the Superintendent begins to prepare their proposed budget and submits it to the Board in January. After a series of meetings in the winter, the Board adopts a proposed budget that is then submitted to the Town Council for its consideration.