![]() ![]() There is a variety of information available to help you determine whether your assessment is fair and equitable. ![]() Keep in mind what is important: Sale prices between 20, condition, neighborhood, building size and lot area are the most critical factors in the valuation process. Is my value in line with sale prices in my neighborhood as of the last town-wide revaluation, October 1, 2017?.Is my value in line with others on the street?.The staff will be glad to answer your questions about the assessment value. A "street card" is available for every property in Town. If your opinion of the value of your property differs from the assessment value, by all means go to the office and discuss the matter. Tax rates are simply those rates that will provide funds to pay for those services. The tax rate is determined by all the taxing agencies within the Town, and is the basis for the budget needed or demanded by the voters to provide for services, such as schools, roads, law enforcement, etc. The Assessor's primary responsibility is to estimate the fair market value of your property, so that you may pay only your fair share of the taxes. The Assessor's Office has nothing to do with the total amount of taxes collected. The Assessor does not make the laws that affect property owners. The Assessor does not raise or lower taxes. The Assessor is required to sign and file the grand list, by January 31st, of each year. This office is responsible for approximately 11,000 real estate parcels 30,000 motor vehicle accounts and 1,500 business personal property accounts. In the years between revaluation the Assessor must maintain the values and the administrative records. By State Statues, Farmington is scheduled to complete the next revaluation for the 2022 Grand List. The last revaluation, in Farmington, was for the 2017 Grand List. Motor vehicles are assessed each year, utilizing the October issue of a national pricing manual, at 70 percent of the average retail value.Īssessed real estate values, in Connecticut, are 70 percent of the estimated fair market value, as of the last town-wide revaluation. The "ad valorem" basis for taxation means that all property should be taxed "according to value," which is the definition of ad valorem. Valuation is subject to ad valorem taxation on an assessment grand list each year. The Assessor is required by Connecticut Law to list and value all real and personal property. ![]()
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