2022 Tax Revaluations – Do you need to appeal?
The COVID-19 pandemic presented considerable challenges to the real estate market. Large increases in real property value were observed in Connecticut over the past two years. Anecdotal evidence suggests a large influx of New York City residents seeking greener pastures helped drive the increases in value in Fairfield and New Haven county (among others). Contrarily, as 2022 draws to a close, inflation, rising interest rates, and global uncertainty has presented challenges to real property values.
For 2022, most real property has appreciated in value, and there is likely little value to challenging your tax assessment, however, that may not be true in every circumstance. Contact us if you believe your assessment may be too high.
We expect difficulty in future revaluations (2023 and beyond) as the market settles from the volatility of the 2020-2022 time period.
In 2022 the following towns are scheduled for revaluation:
- East Haddam
- East Windsor
- New Britain
- North Canaan
- South Windsor