Press release from the Greenwich Assessor’s office:
The Assessor’s Office of the Town of Greenwich has completed the preliminary assessments for the October 1, 2021 revaluation.
The benefit of completing frequent revaluations is to keep assessments fair and equitable. As required by state law, each assessment should reflect 70% of the fair market value as of October 1st, 2021.
Each property owner will have received a notice of assessment change sometime after November 8, 2021. Informal hearings will be available for all taxpayers to discuss their new assessment with the revaluation companies. At the informal hearing, please take the time to review the information used to determine your assessment.
The Assessor’s Office encourages taxpayers to contact the revaluation companies with any comments, questions, or concerns about their new assessment and urges anyone to schedule an informal hearing with these companies between mid-November 2021 to mid-January, 2022. There will be plenty of opportunities to schedule an informal hearing, including some evenings until 7:00 pm and Saturdays until 5:00 pm. The informal hearings will be held at Town Hall to accommodate any and all questions and issues arising from this revaluation. Further information about scheduling an informal hearing can be found on the Town of Greenwich Website, www.greenwichct.gov/2021Revaluation.
The Assessor’s Office will also be available throughout this period to answer any taxpayers’ questions. In addition to the informal hearings, property owners who disagree with their assessments also have the opportunity to file an appeal of their assessment to the Board of Assessment Appeals [BAA] between February 1st and no later than February 20th of 2022. BAA hearings will take place during March of 2022. If the taxpayer is not satisfied with the BAA’s decision, there is an additional opportunity to appeal to the Superior Court in Stamford pursuant to Connecticut General Statutes Section 12-117a.
All municipalities in Connecticut conduct a revaluation of property every five years. The last revaluation Greenwich completed was for the 2015 Grand List.
The revaluation was originally to have taken place in 2020, however, because of COVID-19 restrictions, the Office of Policy and Management in Hartford granted Greenwich an extension to complete the required revaluation in 2021.
The Town was assisted in the revaluation process by Tyler Technologies and J.F. Ryan & Associates. The residential portion of the revaluation was conducted by Tyler Technologies and the commercial and industrial portion by J.F. Ryan & Associates.
The new assessments reflect the value of the property as of October 1, 2021. This new assessment will be reflected on the July 1, 2022 tax bill which is due by August 1st, 2022. The second half of the FY 22-23, tax bill will be sent by January 1, 2023, due February 1, 2023.
More information on the Reval is here