The 2021 Hartford Revaluation was delayed compared to the typical revaluation timeline. In late December we published an update on the revised schedule, and this update details the final steps. Yesterday we got an update letter from the City of Hartford Tax Assessor’s office. Every property owner in the City should have received one, as it updated the assigned revaluation 2021 market values after completing the informal challenge process with the contractor. If you had
We spoke with the City of Hartford Assessor earlier today to get an update on the timeline for the City’s 2021 Revaluation. The current target for distributing assigned market values to all the property owners in the City is late January. The Assessor’s staff, and the contractors helping with the revaluation, are taking extra time to be sure that they feel totally confident in the values before sending them out. Even though this approach creates
Hartford is in the middle of a budget debate in which City leaders work to close a meaningful gap between revenue and expenses. There are many moving parts to the discussion, and difficult decisions will be made. There is also one real estate related consideration that we want to highlight. Last June the state legislature passed a law that defines how the City of Hartford’s split property tax system will work for the coming five
It’s budget season in Greater Hartford, which is always a contentious time for property owners since it is often the first sign of rising taxes. West Hartford has a double dose of uncertainty as the Town works to figure out both the size of the budget and the implementation of the recently completed revaluation. I attended the first of two public budget hearings on Tuesday afternoon in the Town’s Legislative Chambers. Since it seemed like
On Tuesday evening, Town Manager Ron Van Winkle presented his proposed budget to the Town Council. West Hartford Patch was in attendance and provides a thorough account of what happened. Mr. Van Winkle’s slides are also posted on the Budget Page of the Town website. The quick summary is that the proposed budget is a 5.1% increase over the current year budget, which means that the Town will need to collect more in property taxes
