Revaluation Information
Any questions may be directed to the Assessor’s Office at (860) 871-3650. Our office staff members are Walter Lawrence, CCMAII, Town Assessor; Kathy McMahon, Deputy Assessor; and Debbie Grondin, Assessment Technician.
You may also contact Vision Appraisal directly at (800) 628-1013, extension 3634.
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From the Vision Appraisal Website – Answers to Commonly Asked Questions
About the Revalution:
What is a revaluation?
A: A Revaluation is the process of performing all of the necessary Market Analysis and Valuation steps to determine accurate and equitable values for all properties within a municipality. The equalization of the values within a City or Town creates a fair distribution of the tax burden. The purpose of a Revaluation is not to raise taxes. The purpose is to create an equitable distribution of the tax load.
What happens during a revaluation?
A: If the project requires it, a physical inspection of both the interior and exterior of each property is conducted. Since data on all properties is maintained by the assessor’s office, this step is not necessarily required for valuation or statistical updates although inspections of sale properties or a certain percentage of houses may be conducted as a part of the project. While data collection is being conducted, appraisers are studying the recent market sales in order to gain a full understanding of the real estate market in your City or Town. This study of recent property sales allows the appraisers to establish parameters to estimate the value of property that has not been sold using comparisons with recent sales. The appraisers then gather and review these parameters and apply them to all non-sale properties in order to approximate the market value of each property that they are charged with appraising.
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