Property Tax Appeals In Connecticut

There are a number of municipalities undergoing revaluation this year.  If you are a property owner in these towns, you will soon receive a letter advising you of your new assessment.  The list below is of municipalities currently conducting a town-wide/city-wide revaluation. 

Andover; Ashford; Beacon Falls; Bridgewater; Brookfield; Colchester; Columbia; Cornwall; East Hartford; East Haven; East Lyme; Easton; Enfield; Griswold; Groton; Hartford; Hebron; Killingworth; Lisbon; Manchester; Meriden; Middlebury; Middlefield; Milford; Montville; New Haven; North Stonington; Plainville; Plymouth; Portland; Salem; Shelton; Thomaston; Vernon; Westbrook; West Hartford; Wolcott; Woodstock

As you may know, the statutory deadline to file an application with the Board of Assessment Appeals is February 20th.   Some municipalities may seek an extension to publish their grand lists which, in turn, extends the deadline for property owners to file the application to March 20th. 

The following representative list includes our firm’s recent property tax appeal settlements resulting in assessment reductions:

2016 Settlements*:

Corporate office in Norwalk, Connecticut. $3,140,640 reduction of fair market value ($88,140,640 to $85,000,000)

Skilled nursing facility in Derby, Connecticut. $802,000 reduction of fair market value ($4,802,000 to $4,000,000)

Industrial manufacturing plant in Newington, Connecticut. $1,103,529 reduction of fair market value ($6,203,529 to $5,100,000)

Retail showroom in Norwalk, Connecticut. $438,214 reduction of fair market value ($11,038,214 to $10,600,000)

Retail pharmacy in Newington, Connecticut.  $870,700 reduction of fair market value  ($2,570,700 to $1,700,000)

Regional shopping center with supermarket anchor and fourteen retail inline units in Newington, Connecticut. $2,335,314 reduction of fair market value ($15,835,314 to $13,500,000).

Shopping center in Newington, Connecticut. $774,200 reduction of fair market value ($1,259,142 to $484,942).

Medical office in Newington, Connecticut. $289,986 reduction of fair market value ($798,957 to $508,971).

Vacant land in Newington, Connecticut. $1,300,000 reduction of fair market value ($1,800,000 to $500,000).

*Prior results do not guarantee a similar outcome.

2015 Settlements*

Skilled nursing facility in Torrington, Connecticut. $930,000 reduction of fair market value ($3,100,000 to $2,170,000)

160 unit residential apartment complex in Stamford, Connecticut. $2,162,685 reduction of fair market value ($45,412,685 to $43,250,000)

13,380 square foot retail pharmacy in Old Saybrook, Connecticut.  $950,700 reduction of fair market value  ($6,350,700 to $5,400,000)

Tennis and Fitness Club in Rocky Hill, Connecticut.  $370,900 reduction of fair market value ($1,370,000 to $ $1,000,000)

179 unit residential apartment complex in Middletown, Connecticut. $533,660 reduction of fair market value ($11,133,660 to $10,600,000)

13,225 square foot retail pharmacy in Brooklyn, Connecticut.  $495,900 reduction of fair market value  ($2,995,900 to $2,500,000)

*Prior results do not guarantee a similar outcome.

 

If you would like to discuss an appeal of your property assessment, please feel free to contact me at (860) 606-1712 or, via email, at scott@shipmanlawct.com

 

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