Revaluation 2023
Revaluation FAQ's - click here
The Town of Washington is engaged in a state mandated property revaluation to establish updated real estate assessments for the October 1, 2023 Grand List. The Town of Washington has contracted with eQuality Valuations Services, LLC, a state of Connecticut certified Revaluation Company, to assist the assessor in completing the revaluation project.
The purpose of a revaluation, which is done in each Connecticut town and city every five years, is to maintain equity and uniformity so that each taxpayer pays only their fair share of the tax burden. The market is continually changing, and every property is not impacted equally. Fair market value is affected by several factors including property type (residential, commercial, industrial), location, individual property desirability and market supply and demand.
The goal is to estimate the current, fair market value of every property as of the assessment date of October 1, 2023. The assessment reflects 70% of this fair market value. Once the assessments have been determined, a notice will be mailed to you indicating the previous assessment, which was based on a fair market value from 2018, and the new assessment, updated to reflect changes that have occurred in the real estate market in the past five years. New assessments will be reflected in the July 2024 tax bills.
The 2023 Revaluation has commenced with preliminary analysis of properties that have recently been sold. During the next phase of the project, data mailers will be mailed to each improved residential property in the spring 2023. These data mailers must be reviewed by the property owner. Corrections should be made/noted on the mailer, signed by the property owner and returned as instructed. Any significant changes will require a physical inspection by a Data Collector. Inspections will be performed on open building permits, discrepancies discovered from data mailers, and certain properties that necessitate further analysis.
The Assessor’s office welcomes any comments, concerns, or questions during this project.