Revaluation Information
Revaluation Assessment Comparison
The following link will bring up a document which lists all properties by ACCOUNT.
The list includes 2020 Assessment and the new 2021 Revaluation Assessment.
CLICK HERE=> REVALUATION INFORMATION (This is a large file & may take a some time to load.)
*This information will be updated once the revaluation is complete to reflect the 2020 Assessment and the 2021 Assessment
2021 Revaluation Program
The Town hired Municipal Valuation Services, LLC to help conduct its State-mandated reassessment program, which is now required every five years. The new assessments from this program will be effective for the October 1, 2021 Grand List.
Municipal Valuation Services, LLC will mail out a Data Verification Letter. This letter will reflect information the Assessor’s office currently has in their system for your property. Information will include; year built, style, roof cover, flooring, heating, total rooms, room breakdowns, garage, basement and pool (this is a guide to what the letter will ask for, it is not intended to be all inclusive). If there are any discrepancies to what is on your letter to what is actually in your home, please make the correction next to the corresponding information. If no corrections are needed, please check the box at the bottom of the page. Make sure to sign, date and leave your phone number or email address and return to Municipal Valuation Services, LLC.
The letter does have a return address of 23 Sherman ST, Fairfield, CT 06824, and is the address of the Municipal Valuation Services, LLC. You may also email the response to EastHartfordReval@munival.com, fax it to (203)259-9501 or bring it down to the Assessor’s Office.
This revaluation is just a data collection on all properties throughout the Town of East Hartford. We will not need to inspect the interior unless you request it or we have found discrepancies in the data collection process that require more information.
The Revaluation Program is important for all property owners, as it will establish current values resulting in fair and equitable assessments.
REVALUATION SCHEDULE
Data Collection:
Through September 2021
Assessment Notices Mailed:
November 2021
Informal Hearings with Revaluation Company:
December 2021
Board of Assessment Appeals:
March 2022
Mill Rate Set:
May 2022
Tax Bills Due:
July 2022
Revaluation Frequently Asked Questions
Why is Revaluation needed?
It has been five (5) years since the last complete revaluation of all taxable and non-taxable real estate. During this time, the real estate market has been changing. As a result, this causes inequities in values. Some properties may increase at a faster rate than others. Therefore, the State of Connecticut, pursuant to Section 12-62 of the General Statutes, requires that the Town of East Hartford conduct this revaluation for the Grand List of October 1, 2021 and further requires that the Town perform assessment updates every five (5) years thereafter. For those properties that have not been visited since the last revaluation, we must, by State statute, do a complete physical inspection of the property. Revaluation returns all properties to 100% current market value by using a fair and equitable basis. Assessments will be 70% of this value. It is important to maintain assessments at the state mandated level of 70% of market value. Over time, as market values change, assessments no longer will be equal to the 70% standard. A revaluation does not raise revenues; it redistributes the tax burden based on the current value of the property.
What comprises a revaluation?
The process of compiling a complete inventory of each property in the Town, noting such features as lot size, location, square feet of living area, quality of construction and additions such as decks, porches and garages. Interior items which motivate buyers are also noted such as: fireplaces, baths and finished basement area. Other items which affect the desirability and marketability of a property can only be ascertained following an interior inspection. These items include the general interior condition, the layout and the extent of remodeling.
After this inventory is complete, a careful analysis of recent selling prices is conducted to identify and quantify the features that have motivated buyers and sellers in the East Hartford real estate market.
This analysis results in the creation of schedules which will then be used to value all of the property in the Town of East Hartford.
These schedules are then statistically tested to verify their ability to accurately and equitably predict estimates of current market value.
Isn’t fair market value what I paid for my property?
Not always. You may have purchased your property years ago when prices and value were considerably different. The true test is what your property would sell for in today’s real estate market.
What is market value?
The Appraisal Institute defines market value as "the most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after a reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self-interest, and assuming that neither is under undue duress." Sales such as foreclosures and family sales are not considered to be "arms-length" or market transactions.
Who determines the value of my property?
People determine the market through sales between a willing buyer and a willing seller. It is the responsibility of the Assessor to research and determine fair market value in a particular area. The most significant part of the appraisal process is accomplished by gathering sales data occurring during the two years prior to October 1, 2021 and comparing those sales to your property. From a study of sales of similar properties in like neighborhoods, the average sale price of properties can be ascertained.
When will I be notified of my new assessed value?
The revaluation company will send out assessment notices in November, 2021.
After I receive my notice in November of 2021, what can I do if I disagree with my new assessed value?
An assessment appeal is not a complaint about taxes or how much your assessment has changed. It is an attempt to prove that your property’s estimated market value is inaccurate or unfair based on recent sales of comparable properties. Your first appeal should be with the revaluation company. At your hearing, revaluation staff will be available to explain the procedures used to value your property. If you are not satisfied with the results of that hearing, the Board of Assessment Appeals will be meeting in the Spring of 2022 to hear all appeals on the Grand List of 2021. Your final appeal is before the courts under Section 12-117a of the Connecticut State General Statutes.
How and when will my taxes be affected by this revaluation?
The revaluation will first affect your July, 2022 tax bill. The amount of your new tax bill is calculated by multiplying your new assessed value times the new mill rate. Since the new mill rate will not be established until the budgetary process has been completed in May of 2022, it is not possible to estimate your new tax bill at this time.
Anyone with questions should contact the Assessor's Office at (860) 291-7260.