Assessment Process

  1. Determining Fair Market Value

    When the Board conducts a revaluation, it must determine fair cash (market) value for every property in town. Market values are determined by analyzing the sale prices and characteristics of properties that sold during the year, which precedes the revaluation date.

  2. State Certification

    The assessors are required to ensure the accuracy of the assessment data. The Board must obtain state certification every 3 years verifying that the property valuations meet the state criteria for fair market value.