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Old 11-18-2021, 05:28 PM
 
Location: New England
1,000 posts, read 1,812,906 times
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HI all, I just got a fun notice from our city government saying our property revaluation jumped 15%. Is there any recourse to this. Would we have to pay for our own appraisal to fight this revaluation? Or is 15% just something we have to accept due to covid and people moving from NYC to CT?
Thanks.
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Old 11-18-2021, 07:22 PM
 
464 posts, read 315,595 times
Reputation: 876
Quote:
Originally Posted by blakesq View Post
HI all, I just got a fun notice from our city government saying our property revaluation jumped 15%. Is there any recourse to this. Would we have to pay for our own appraisal to fight this revaluation? Or is 15% just something we have to accept due to covid and people moving from NYC to CT?
Thanks.
Have you seen house prices? I guarantee your property has increased by more than 15% from the last time it was evaluated. Unless your town has a cap which they violated this is more than legal. What exactly are you fighting? Do you think your house didn’t appreciate by at least 15%? Did your house develop issues that warrant you “fighting” it?
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Old 11-18-2021, 11:20 PM
 
Location: Coastal Connecticut
21,928 posts, read 28,360,042 times
Reputation: 6766
Mill rate should go down too.
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Old 11-19-2021, 05:03 AM
 
Location: New England
1,000 posts, read 1,812,906 times
Reputation: 820
I would like to fight paying 15% more in property taxes, its not like I got 15% more cash in my pocket.


Quote:
Originally Posted by Reilly1017 View Post
Have you seen house prices? I guarantee your property has increased by more than 15% from the last time it was evaluated. Unless your town has a cap which they violated this is more than legal. What exactly are you fighting? Do you think your house didn’t appreciate by at least 15%? Did your house develop issues that warrant you “fighting” it?
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Old 11-19-2021, 05:07 AM
 
Location: Fairfield County CT
4,514 posts, read 3,417,827 times
Reputation: 2828
Quote:
Originally Posted by blakesq View Post
HI all, I just got a fun notice from our city government saying our property revaluation jumped 15%. Is there any recourse to this. Would we have to pay for our own appraisal to fight this revaluation? Or is 15% just something we have to accept due to covid and people moving from NYC to CT?
Thanks.
I am pretty sure that all the houses in your town went up 15% across the board. Stylo is right. Your mill rate will go down to the point that everyone's house in the entire town should be paying the same taxes as before.

If you call your Town Hall they will explain that to you. But if your taxes do go up then I would call the town to see why. People do make mistakes inputting information in especially when revaluations occur.
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Old 11-19-2021, 05:12 AM
 
464 posts, read 315,595 times
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Quote:
Originally Posted by blakesq View Post
I would like to fight paying 15% more in property taxes, its not like I got 15% more cash in my pocket.
As Stylo stated, the mill rate will drop tho so you won’t be spending 15% more. Let’s say the town budget was $100, the town has two numbers they use to ensure they get that number. Your property value (reduced to an assessed value) is one number. If that goes up, then the mill rate (other number they use to multiply) can go down.

If property values decrease then mill rates go up. It’s possible both could rise if the rise is very small.
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Old 11-19-2021, 05:44 AM
 
Location: Coastal Connecticut
21,928 posts, read 28,360,042 times
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Did commercial property appreciate too? If not, homeowners could get screwed while commercial owners get a discount.
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Old 11-19-2021, 08:26 AM
 
Location: Milford, CT
752 posts, read 562,224 times
Reputation: 820
Quote:
Originally Posted by blakesq View Post
HI all, I just got a fun notice from our city government saying our property revaluation jumped 15%. Is there any recourse to this. Would we have to pay for our own appraisal to fight this revaluation? Or is 15% just something we have to accept due to covid and people moving from NYC to CT?
Thanks.
I believe in most cities you can appeal, however, in the current environment, I doubt it would do much good. As others have mentioned, I wouldn't worry too much about it as your Mill Rate should show a corresponding decrease.
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Old 11-19-2021, 03:09 PM
 
Location: Connecticut
35,166 posts, read 57,346,971 times
Reputation: 11288
You can contest the assessment but I would suggest you check what other similar homes are assessed at to be sure they’re in line with yours. If they are, you won’t have much to stand on. Like Stylo said, the mill rate should be reduced. It’s just a question of how much. Good luck, Jay
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Old 11-19-2021, 07:41 PM
 
34,210 posts, read 17,295,386 times
Reputation: 17288
I wish we had the auto reset of mill rates that exist in many states. In those cases, the mill rate automatically, by law drops to the revenue neutral position, and any attempt to raise it requires all the votes, hearings, etc of any mill rate increase in any year.

It prevents towns saying "Oh boy" with the extra 15% via the revenue neutral revised mill rate.

So if the rate was 30, and housing went up 15%, it would now be 30/1.15 to become the same revenue stream as before.
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