Please note: This alert was originally published on 09/28/2022 and updated on 11/17/2022.
A large number of Connecticut communities are conducting reassessments beginning October 1, 2022. Please see below* for a link to the list of Connecticut communities conducting these reassessments.
A notification will be sent out before the end of this year with the proposed new valuation of your property. The notice will usually include an invitation to an informal meeting with the revaluation company or the appraiser’s office to discuss the new appraisal, which should be 70 percent of the proposed fair market value of your property.
If these discussions are unsuccessful, the deadline for formally protesting a review to a municipality’s appeals committee is February 20, 2023, although some municipalities may extend the date to March 20, 2023. Complaint forms should be available on the municipality’s website – the deadline is approaching. This protest is required in order to file a Superior Court tax appeal against the value. Under certain circumstances, a taxable tenant can appeal.
As part of the protest, the owner must submit an appraisal of the market value of the property. Great care should be taken in filling out the Protestant rag so as not to jeopardize legal remedies. The hearings usually take place in March and April. Written notice must be sent to the taxpayer within one week of the Board’s decision. Boards of Assessment Appeals may elect to deny a hearing for commercial property valued over $1 million. We find that boards often choose this option.
If an owner is not satisfied with the Board’s decision, the next and final remedy is an appeal to the Superior Court. The time limit for appeal to the Superior Court is two months from the date the Board’s decision was mailed. The case will be tried by a judge without a jury. If the board changes your score, but not to the extent you requested, failure to appeal that decision may bar any appeal until the next reassessment.
We encourage you to proactively monitor the re-evaluation process and your new evaluation so that you can take all necessary steps to ensure that the evaluation is fair. The deadlines stated here are binding and cannot be extended.
Please also note that ratings of the same properties are to be adjusted. Significant differences in the values of similar properties can be challenged in court, even if the proposed value of a particular property is reasonable on its own.
Would you like to find out more? We held a webinar on October 11th on this important and timely topic. Watch the full recording here.
* The list of Connecticut municipalities conducting October 1, 2022 reassessments can be found on the Connecticut Office of Policy and Management (OPM) OPM website.