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Tax Assessors and Attorneys Address Revaluation
Discuss property values and what to look out for
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Norwalk, CT | Added on November 15, 2013 At 08:14 PM

Norwalk residents gathered at City Hall Thursday night to speak with attorneys and tax assessors on the state-wide real estate revaluation process. Experts provided practical information for commercial property owners, commercial tenants, and homeowners regarding the October 1, 2013 Grand List, a mandated five year revaluation.  

"In the next three weeks city residents will get notices from the assessors office letting them know the new values the assessor is assigning to their properties of October 1st of 2013," said Ron Kowalski of Cacace, Tusch, Santagata. "They should read those notices carefully, make sure those values are in the right ballpark. If they're not, the property owner should consider going through the informal meeting process and then possibly the appeal process to make sure their assessment is correct." 

The assessments set in the revaluation with establish the property taxes in the next five years, starting with a tax payment due in July of next year. 

"I think the main concern that every property owner has is that they're paying a fair share of their taxes, not too much, but based on the accurate value of their property," said Kowalski. "So then the key is what the fair market value of the property is as of October 1st of 2013." 

"Any inequities that may occur in property evaluations," said assistant city assessor Bill O'Brien. "Due to property value changes, or new construction, or construction occurring without required permits and that sort of thing are taken into account and so that the resulting tax burden is fairly and equitably applied." 

Property owners say tax figures are too high.

"I feel like we have the best apartments in town and we really keep our rental rates reasonable," said Louis Marino of Joseph Marino Contractors. "We want to watch our costs, one of which is taxes."

 


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