In your article, start by outlining the key details of Old Lyme’s property tax month, emphasizing the importance of the July 1 deadline and the mailing of tax bills on June 27. Transition into explaining the concept of mill rates, detailing how they are calculated and their significance for property owners. Highlight the recent reduction in the mill rate to 16.23 and its implications for taxpayers. Provide practical tips for managing property taxes effectively, such as budgeting and understanding payment options. Conclude by encouraging residents to stay informed and proactive about their tax responsibilities as the new fiscal year begins.