Revaluation
Each town in Connecticut is required by law to revalue all of the real estate within it at least once every five years. The date of value of the last completed revaluation is October 1, 2007. The previous revaluation was completed as of October 1, 2002. The next scheduled revaluation is for the October 1, 2012 assessment date.
In a revaluation, the market value of each property is estimated and that estimate becomes the basis of the assessment for the following year's tax, and for the four years following that. The revaluation equalized each property's tax burden relative to its current market value, that is, the market value as of October 1, 2007. The revaluation now in progress will estimate each property’s market value as of October 1, 2012.
Each property must be viewed once every ten years. This town-wide data collection was done for the 2002 revaluation and was not repeated for the 2007 revaluation. It is being done again for the 2012 revaluation.
eQuality Valuation Services, LLC has been contracted to do the revaluation. Letters like the one posted here will be sent, in turn, as the field work progresses.
For additional information, please see the Brochure and Notice that is being sent out to property owners below.
Simsbury Revaluation Brochure (2).pdf
Simsbury Revaluation Sample Notice.pdf
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