Revaluation General Information
The Town of Franklin is mandated by Connecticut State Statute 12-62(b) to revalue all of its real estate not later than five years after or last revaluation. The Town of Franklin last revaluation was completed as of October 1, 2013. Consequently our next revaluation is scheduled for October 1, 2018.
The Town of Franklin has contracted with Tyler Technologies, Inc. to assist the assessor with the state-mandated revaluation for October 1, 2018. Unlike the previous revaluation in 2013, inspections will be for all properties within the town of Franklin.
The purpose of a revaluation, which is done in each Connecticut town and city every five years, is to maintain equity so that each taxpayer pays only their fair share of the tax burden. The market is continually changing, and every property is not impacted equally. Fair market value is affected by several factors including property type (residential, commercial, industrial), location, individual property desirability and market supply and demand.
The goal is to estimate the current, fair market value of every property as of the assessment date, which is October 1, 2018. The assessment reflects 70% of this fair market value. Once the assessments have been determined, a notice will be mailed to you indicating the previous assessment, which was based on a fair market value from 2013, and the new assessment, updated to reflect changes that have occurred in the real estate market in the past five years. New assessments will be reflected in the July, 2019 tax bills.
Project Contact Information
Richard Lasky, CCMAII Assessor, Town of Franklin (860) 642-6475 ext.19