How is the assessment of my property determined?
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.