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Value, Revaluations and Inspections

Generally: Real estate is assessed on 70% of its value as of the assessment date (October 1st). The assessment will remain constant until the next revaluation, unless: improvements or physical changes are discovered, or corrections made to the data. Zone changes or variances may have an impact on value, hence the assessment may change. It is also possible that a change will create a decrease in value.

Residential Property: Connecticut General Statutes modified the Revaluation Cycle during the June 2004 Sessions. Connecticut towns must implement Revaluations every 5 years. If the most recent revaluation was "statistical," the next Revaluation must be by Physical Inspection. See Section 12-62 (a) and (b). A town may also conduct more frequent revaluations if the local governing agency approves such an ordinance.

The 2013 Revaluation for Wethersfield is completed, therefore the next revaluation will be for the 2018 Grand List.

Commercial Property: Income is a factor in the valuation of commercial properties, and all commercial properties will be required to submit an Income and Expense Report annually. The I & E is due June 1st of any given year, and failure to submit will result in a 10% statutory penalty on the next Grand List.  Requests for an extension must be filed with the Assessor's Office no later than May 1st.