It is the Law. The State of Connecticut, under the provisions of Section 12-62 of the General Statutes, requires a revaluation of all real estate every five years. Legislation mandates that Shelton conducts a revaluation for the October 1, 2016 Grand List. There is a growing awareness that the local property taxes have become a significant part of the expenses in owning property. Keeping this in mind, revaluations are required to insure property owners of uniformity in property valuations. A revaluation sets new assessed values on a current basis, for use by the Assessor.
A successful revaluation requires a significant amount of time spent on careful research to assure that the new values are accurate and that all property owners will pay ONLY their FAIR SHARE of the property tax burden.