New Milford Residents Could See Tax Cuts For Second Year in a Row There's one thing you can always count on in life and that's taxes. But if you're a New Milford resident, this could be the second year in a row that you luck out. The town budget proposal for the 2022 fiscal year was recently announced by New Milford Mayor Pete Bass, and once again this year he's looking to reduce taxes by 2.47%. If passed, it would be historic and the first time in over three decades that the town cut taxes in consecutive years. Enter your number to get our free mobile app