Each town in Connecticut is required by law to revalue all of the real estate within it at least once every five years. Revaluations were completed for the October 1, 2002 grand list, the October 1, 2007 grand list; and now the October 1, 2012 grand list has been completed with real estate revalued as of October 1, 2012.
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.
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 was done again for the 2012 revaluation.
eQuality Valuation Services, LLC was contracted to do the revaluation. PBS Systems LLC was contracted to assist in the valuation of some commercial or industrial properties.
A an owner of property or a tenant bound under the terms of a lease which has been recorded by recording a notice of lease on the land records, claiming to be aggrieved by the doings of the assessor may appeal to the Simsbury Board of Assessment Appeals by filing a petition with them. The appeal petition must be filed in the office of the assessor (as staff for the Board of Assessment Appeals), no later than Wednesday, February 20, 2013 in order to get a hearing with the board, which meets in March. See the appealing your assesment link.