Connecticut State Statue provides that all real property is listed at its present true and actual value (Fair Market Value) and is assessed at 70% of its fair market value commencing with the year of the revaluation. Exceptions include land classified as farm, forest or open space as designated according to Public Act 490 now codified as 12-107a through 12-107e of the Connecticut State Statues. Properties are revalued every five years.
The last revaluation was as of October 1, 2018. It was a full revaluation with inspections.
The next revaluation will be statistical only and will be for the October 1, 2023 Grand List.