Property owners to get revalued assessments soon
Local property owners will soon receive notice of their properties’ new tax assessments set by the recently concluded revaluation process conducted by the Assessor’s office and its contractor, Vision Government Solutions.
Assessor Paul Friia announced this week the inspection and valuation processes are complete, and the initial revaluation notices will be mailed in the coming weeks.
During the revaluation, Assessor’s office and VGS personnel studied market values, real estate transactions, building permits and other data to determine the value of every property as of Oct. 1, according to the announcement. They also inspected individual properties and conducted field reviews prior to setting the final values.
Officials advise property owners not to try to calculate their tax obligation by applying the current tax rate of 18.09 mills to their new property assessment. The new tax rate will be determined only after the town’s 2016-17 budget is adopted next spring, and officials set a mill rate needed to finance the spending package.
Friia, in his statement, explained the revaluation process by noting that “every 10 years, the state of Connecticut mandates that the town of Westport perform a physical property revaluation, which includes inspections of each parcel of real estate. The purpose of the revaluation program is to develop accurate and uniform assessments based on fair market value as of October 1, 2015. This, in turn, will generate an equitable tax base throughout the town, distributed among Westport taxpayers.”
Owners who feel their new assessment value does not represent 70 percent of the property’s fair market value will have an opportunity for an informal hearing with a VGS representative. Appointment can be scheduled online at www.vgsi.com/schedules. Owners will need the parcel ID number located at the top of the valuation letter to book an appointment.
Those with more than two parcels to discuss or who do not have access to a computer, should call Vision Government Solutions at 1-888-844-4300 between 9 a.m. to 4 p.m. Monday through Friday. Property owners are advised to book an appointment within five days of receiving a valuation letter. Beginning in December, all hearings will be conducted by appointment only in the Town Hall auditorium, 110 Myrtle Ave.
Property owners are asked not to call the Assessor’s office to schedule an appointment.
Owners who disagree with the outcome of the informal appeal hearing may formally appeal their property assessment at Board of Assessment Appeals hearings planned next March. The formal appeals must be physically received in the Assessor’s office by Feb 22.