Last Tuesday we wrote about the West Hartford revaluation, focusing on the informal hearings that allow individual property owners to challenge the market values that they received in the mail from the Town. Today we turn our attention to analyzing the big picture results of the revaluation. Amanda Falcone’s piece in the Thursday’s Hartford Courant quotes West Hartford Assessor Joseph Dakers Sr. as saying the new market values will “likely cause the town’s grand list
West Hartford’s 2011 revaluation is progressing smoothly, and reached the public phase when Market Value letters began arriving during the second half of November. Before going any further, it is very important to emphasize three key points: 1. Property taxes don’t change until July 2012. 2. Taxes would be calculated based on the “New Property Assessment” in the bottom right of the letter, not the market value. 3. The mill rate will change, so multiplying
There were 464 Hartford County single-family properties that went under contract during the month of October. Activity was closer to last year’s activity level than the 2009 level, which was influenced by a homebuyer tax credit deadline (Recall that buyers had to close by the end of November 2009, which meant getting their property under contract in October). The County remains on track to exceed 2010’s total number of contracts. We need to have 635
Single-family contracts continued the downward trend in September, falling to 497 for the month. Through nine months of 2011, we remain on pace to finish the year slightly ahead of 2010 but behind the 2009 total. There was a lot of interest in our markets at the beginning of September; it was a noticeable increase from the end of August and much of the summer. The rest of the month seemed pretty active too, so
Single-family contracts totaled 532 in August, a slight decline from July’s total, though an increase over August 2010’s tally – it was a summer month with sporadic activity. Hurricane Irene passed through the County during the final week of the month, putting most of the real estate market on hold for at least three days, with some areas affected through the end of the month. We don’t know for sure how much of an impact