How is the assessment of my property determined?

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Connecticut state law requires that all property subject to local taxation be assessed at 70% of fair market value. 

-  Real Estate assessments represent 70% of your property's fair market value, as of the date of the last revaluation.  (For more information on revaluation, please see the Assessor's page). 

- Personal property (other than registered motor vehicles) is assessed at 70% of its value, as determined by use of straight line depreciation, as of October 1.

- Registered motor vehicles are required to be assessed at 70% of the average retail value.  The Assessor uses NADA cost guides to determine the value.