MONROE — The town has completed its state-mandated revaluation process, and Monroe property owners should receive their new property assessments in the mail soon.
Under state law, a revaluation is required every five years in each community. The purpose, according to the state Office of Policy and Management, is to “secure a more equitable distribution of the tax burden, to bring the assessment level up to date, and to modernize assessment procedures.”
Monroe’s town assessor Justin Feldman has said he expects the latest round of revaluation assessments to be mailed this week.
According to an announcement released by the Town of Monroe, the new assessments are calculated at 70 percent of market value as of Oct. 1 of this year. According to the release, residents are advised against using the current mill rate with their new assessments.
“During the budget approval process for next year, the Board of Finance will be setting the new mill rate based upon a calculation that utilizes the new assessments,” said First Selectman Kenneth Kellogg in an email. “That would be anticipated to occur in May of 2020.”
The assessments were done by the appraisal firm Vision Government Solutions. Once notices have been mailed, updated property assessments and property records will be available on the Vision Government Solutions website for Monroe.
Any property owners who question their new assessments will be provided with the opportunity for an informal hearing with Vision. All meetings will take place by appointment only, between Dec. 2 and Dec. 20, at either Monroe Town Hall or the Edith Wheeler Memorial Library.
Instructions on scheduling a meeting will be included in...
from News https://www.ctpost.com/local/article/Monroe-revaluations-completed-14844034.php
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