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2012 Simsbury Property Revaluations Complete

All Simsbury residential, commercial, and condominium property revaluations have been mailed, according to assessor.

By now most Simsbury homeowners have received or will receive a revaluation notice of a change to their property assessment and most will notice a decrease in value.

The town of Simsbury performs property revaluations on all residential, commercial, and condominium properties every five years.

At this point, all 2012 assessments have been mailed with the exception of a few properties that require further review, according to Simsbury Assessor David Gardner.

"The assessment should represent  a reasonable estimate of market value, whether there was an increase or a decrease," Gardner said.

Because the revaluations are performed every five years most property owners won't see an increase in value.

"Values have declined since 2007," Gardner said.

There are, of course, exceptions where some property owners will see an increase in value.

"Some increases are from new construction, others, are simply updating assessments to current market value," Gardner said.

Revaluations for the town were performed by eQuality Valuation Services, LLC.

Property values are determined using data that includes land value, market value of any improvements (buildings) on the land, and depreciation, Gardner said.

How will this affect your tax bill?

Property taxes are determined by the assessed value of the property and the annual town mill rate which will be set during the budget process.

For the most part, the town assessor's office has only received a few questions regarding the revaluations and some have scheduled informal hearings with the revaluation company.

Homeowners who feel they can demonstrate that their property assessment is incorrect can schedule an informal hearing by January 15 by visiting the company's website or calling 1-877-262-5957. Hearings will be held at Simsbury Public Library.

Homeowners may also appeal the assessment without an informal hearing by appealing their assessment with the Board of Assessment Appeals. Appeals must be filed with the town Assessor by Wednesday February 20, 2013.

Appeal applications are available on the town website.

Jeff Brush January 09, 2013 at 08:03 PM
Hi PTC, Your tax bill is calculated using the assessed value of your home and the annual town mill rate. The mill rate will be determined in the coming months during the budget process.
Tom Moore January 10, 2013 at 02:08 AM
The assessment letter sent by the Town Assessor provided comparative assessed values for the property owner's property but lacked sufficient information to reach a conclusion regarding the equity of the assessment process. In the past, information on assessments had included the percentage change in the Grand List, which, together with the change in assessed value of the specific property, was sufficient for a tax payer to deduce the fairness of the process. Grand List data might be available on the Town website but this is no substitute for including the information in the assessment notification letters. Afterall, many households, especially with elderly owners, do not have or use computers. Besides, even those who may have ready access to a computer should not have to research information that could have easily been included in the notifications. With the experienced leadership currently at the helm in this Town, it is difficult to imagine how our government could be so inept about serving the public in a matter that could have easily been accomplished in a proper manner. So easily that one wonders whether the oversight might be a calculated maneuver to quell despondency over the results of the assessments.
Jake Spoon February 28, 2013 at 12:36 PM
It's too late for the Town of Simsbury to worry about the Visual conservation. I loved Simsbury 40 years ago, but it now it has lost its' charm of yesteryear as it has been visually polluted with the Huge Vinyl boxes we call McMansions. As the Economy continues to decline -- no one will want these monsters. I say that they are the Muli-family homes of tomorrow.
Michel March 21, 2013 at 12:15 AM
Simsbury needs to learn a thing or two from Avon & Farmington. Preserving open space is something I agree with, but it doesn't mean every single plot of open land has to be "saved."
Steve Mirsky October 09, 2013 at 10:41 PM
There are always pluses & minuses to every approach. The more development, the more infrastructure required to support it (sewer & utilities widened intersections, more traffic). For example, will a new Big Y on Hopmeadow really help? Some would say yes...increased tax revenue and jobs (what kind?). Others will say no way...Stop & Shop is 5 min up the street and Kane's & Fitzgerald's markets will be squeezed out. Take your pick

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