Greenwich Begins Property Revaluation

The Town of Greenwich Assessor’s Office has announced that the 2015 revaluation process has begun.

The town has contracted the services of Tyler Technologies and J.F. Ryan and Associates. Tyler Technologies will complete the residential portion of the revaluation and J.F. Ryan & Associates will be responsible for all commercial and tax exempt properties. While tax exempt property owners do not pay real property tax in the Town of Greenwich, if in the sewer district they are required by Greenwich Town Charter to pay a sewer tax, based on property value.

State law requires that all Towns be revalued every five years. Greenwich completed its last revaluation for the 2010 Grand List as of Oct. 1, 2010. The rationale for such frequent revaluations is to keep assessments equitable and reflect the current fair market value – what the property would sell for in that year’s market. All assessments in Greenwich are at 70 percent of fair market value as required by state statute.

The Assessor’s Office will have appraisers reviewing property within the Town of Greenwich. Such personnel will have a photo ID issued by the Town of Greenwich. Anyone with questions or concerns about this process should contact the Assessor’s Office at 203-622-7885. All residents and businesses also should feel free to ask for the appraiser’s identification before admitting him or her into one’s property.

Each property owner will receive a notice of assessment change after Oct. 1, 2015. At that time, informal hearings will be available for all to discuss their new assessment. In addition to the informal hearings in Greenwich Town Hall, property owners who disagree with their assessments will have the opportunity to appeal their assessment to the Greenwich Board of Assessment Appeals in February and March 2016. If still not satisfied, a property owner may appeal to the Superior Court in Stamford pursuant to C.G.S. 12-117(a).

The new assessments will be a value as of Oct. 1, 2015. This new assessment will be reflected on the July 1, 2016 tax bill due by Aug. 1, 2016. The second half of the fiscal year 2016-17 tax bill will be sent by Jan. 1, 2017, and must be paid by Feb. 1, 2017.

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