Knowledge Base

How is tax revaluation established?

State Law requires that all taxable property be revalued once every five years. All property in Fairfield was revalued effective with the October 1, 2005 list year. The primary purpose of revaluation is to provide equalization of all property types and classes. The revaluation process is not intended to increase revenue, but rather, to keep the fair market value current, to insure that properties, which have changed in value, are equitably assessed.  Based on the timing of Fairfield's last physical revaluation, under the new state requirements, Fairfield's next revaluation will be on the October 1, 2010 Grand List. For more information, visit the tax assessor's website: http://fairfieldct.org/taxassessor
Updated 4/2/2014 6:05 PM
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