How often must a municipality in Connecticut conduct a revaluation of its property?

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In Connecticut, a municipality is required to conduct a revaluation of its property at least every five years. This periodic revaluation is essential to ensuring that property assessments reflect current market conditions and property values accurately. The five-year timeline helps maintain fairness and equity in the property tax system, as it allows for adjustments to be made that take into account changes in the real estate market and the development of the area.

Revaluations help municipalities accurately assess property taxes based on the actual conditions of properties, which can change due to various factors such as improvements, market trends, and economic conditions. While some municipalities may choose to conduct revaluations more frequently to better adapt to changing conditions, the minimum requirement set by Connecticut law is every five years. This establishes a balance between ensuring property assessments are up-to-date and manageable workload and costs associated with the revaluation process.