The Town of Glastonbury has contracted with Vision Government Solutions Inc. to perform the property revaluation for the 2017 Grand List. Vision is working with the Assessor’s Office to make this 14-month project a successful one. The last revaluation was completed in 2012 and current state laws require towns to revalue every five years. A revaluation will determine the current fair market value of every property in town, both commercial and residential. It equalizes the values of all properties for the purpose of a fair distribution of the tax burden.
The major phases of a municipal revaluation are typically performed in the following order:
- Data Collection, initiated in February 2017, involves physical inspections of properties
- Market Analysis, involves analysis of market sales occurring between August 2016 and October 2017
- Valuation, pertaining to the results & conclusions of sales data, will begin in spring of 2017 and will be finalized in November 2017
- Field Review, involves Vision personnel driving through Glastonbury and reviewing all properties to update the Assessor’s database
- Informal Hearings, scheduled for November and December 2017, are an opportunity for owners to discuss valuations & property information with Vision personnel
A detailed explanation of the revaluation process, as well as answers to frequently asked questions, may be found on the Vision Government Solutions website at www.vgsi.com In mid-November new values will be mailed to each property owner. If you wish to review the updated information on a property in Glastonbury please click here: http://gis.vgsi.com/glastonburyct/