Better Understand The Revaluation Process- The Town of Cheshire has begun the first phase of the revaluation process for real property. Representatives from eQuality Valuation Services, LLC will be physically visiting and inspecting properties with open building permits. In Phase II, which is.
By Andreas Yilma Citizen's News
NAUGATUCK Property values are on the rise as the borough looks to complete the revaluation on its real estate.
Since the last property revaluation was completed in 2019, the average single-family home is up 39.2%. Multi-family homes are up 45.7% and condos an
Revaluation To Begin In July- The State of Connecticut mandates that the Town of Cheshire perform a real property revaluation for the October 1, 2023 Grand List. The last revaluation of Cheshire real estate was conducted for the October 1, 2018 Grand List and the last physical.
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PROSPECT â The townâs 2020 net grand list increased 3% from 2019.
A municipalityâs net grand list is a tabulation of the assessed taxable values of real estate, personal property and motor vehicles.
The 2020 grand list is $896.6 million, an increase of nearly $24.3 million from 2019.
âI think it shows that the town is, in fact, doing very well,â Mayor Robert Chatfield said about the growth.
An increase in real estate values drove the overall grand list growth. The assessed value of real estate increased by about $17.9 million, or 2%, to $766 million.
Assessor Betsy Quist attributed the increase mostly to a recently completed property revaluation. She said a breakdown of the impact of revaluation on specific types of properties, like single-family homes, wasnât available.