Connecticut Revaluation 2023: Prepare for Potential Increases in Assessed Values on Property Taxes
William Quigley, Principal 781.929.7875 | william.quigley@ryan.com
Daniel Swift, Principal 857.288.1224 | daniel.swift@ryan.com
Property owners in Connecticut are facing a critical revaluation in 2023 that will determine their real estate taxes for the next five years. Despite concerns surrounding the commercial real estate market, such as pandemic-related losses and decreased tenant demand, townships may not adequately adjust commercial property valuations. It is crucial to take proactive steps now to prepare for a potential increase in your assessment for the 2023 revaluation.
In a recent update, the towns of Wethersfield and Willington counties have decided to postpone their revaluations until the year 2024, offering property owners an extended period to prepare for significant changes in property values.
At Ryan, our local team consists of valuation and property tax experts who specialize in representing commercial real estate owners throughout the appeal process. With a proven track record of successfully reducing property tax assessments, we can help you navigate the Connecticut revaluation and appeal process.
Do not wait until it is too late. Contact us today to ensure you are well-prepared for the upcoming Connecticut revaluations and maximize your chances of reducing your assessment and property taxes.