Update: As stated below, the revaluation is scheduled to begin in the Southeastern part of Wallingford. We just happen to live in that area and we were visited today (6/26) by our friendly, neighborhood Appraiser! So, the fun has begun; watch for them coming to your neighborhood soon!
In accordance with Connecticut law, the town of Wallingford’s Assessor’s Office has announced that the the process of revaluating all real estate in the town is about to begin. The revaluation process must be done once every five years in order to establish a market value for all residential, commercial, and industrial properties as of October 1, 2010.
A certified revaluation company, Vision Appraisal Technology, Inc., has been contracted to assist the assessor in the completion of this project, which starts with data collection. During this phase of the project, inspections will be performed on and information collected about all real estate in the town. The assessor says that it will take approximately 8 to 10 months to complete all the property inspections.
Here are some other important points of information regarding the revaluation:
- Property inspections will commence in June and continue until all properties have been inspected
- Inspections will begin in the Southeastern portion of Wallingford
- A typical inspection takes 10 to 15 minutes to complete
- Property inspectors will perform both interior and exterior inspections of all real estate
- Inspections will include looking at basements and attics, but furniture and personal property will NOT be inspected or assessed
- An inspection will not be conducted unless an adult of at least 18 years of age is present
- Property inspectors will wear a clearly visible ID badge which will include a photograph, and will present a letter confirming they are assigned to the project
- Property inspectors and their vehicles are registered with the Town of Wallingford Police Department
- To verify the identity of a property inspector, you can call the Assessor’s Office at (203) 294-2001
If homeowners have any questions or concerns regarding this revaluation, they can call the Assessor’s Office at (203) 294-2001.
This is Wallingford’s first revaluation since the real estate downturn and, coupled with the July 1st increase of the mill rate to 23.2, it will be interesting to see what happens to property taxes. Homes should be assessed lower now, but will this result in yet another mill rate increase to offset the decrease in tax revenue? Or, will assessments and the mill rate stay at or near current levels? We’ll be watching this one closely.
For more information on property revaluations, please check out Vision Appraisal’s Taxpayer Revaluation FAQ.