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.
Bridgeport; Brooklyn; Canterbury; Clinton; Colebrook; Deep River; Derby; Durham; East Hampton; Ellington; Fairfield; Greenwich; Haddam; Hamden; Hartland; Ledyard; Marlborough; Newington; New Milford; North Branford; North Stonington; Oxford; Pomfret; Prospect; Salisbury; Seymour; Somers; Southington; Stafford; Trumbull; Voluntown; Wallingford; West Haven; Westport
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 recent property tax appeal settlements resulting in assessment reductions:
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 Scott Schwefel at (860) 606-1712 or, via email, at scott@shipmanlawct.com .
Attorney Scott Schwefel is responsible for the content of this email.
Property Tax Appeals for Municipal Revaluations in Connecticut