Did you know...the revaluation process is mandated to take place every five years by CT State Statute? The last revaluation was in 2006. The first tax bills that will be calculated using the 2011 revaluation will be due in July of 2012.
The primary purpose of a revaluation is to readjust assessments to current market values because property values differ over time, and different types of properties in different areas do not change equally in value over time, this means that inequalities in assessments build up. These inequalities are addressed through revaluation.
