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Homeowners press Board of Assessment Appeals for lower appraisal, cite comps from 2019–2020 valuation period
Summary
Owners of a Catamount Road home asked the Board of Assessment Appeals to reduce a $1.01 million appraisal to $927,000, citing nearby sales and asking the board to consider comparable sales from the assessor’s base valuation period (Oct. 1, 2019–Oct. 1, 2020).
Kate and Jennifer Wingate told the Fairfield Board of Assessment Appeals on March 5 they believe their 1132 Catamount Road home is overvalued and presented recent neighborhood sales to support a lower appraised value.
Why it matters: The board must base decisions for the current grand list on the assessor’s valuation period — sold properties close to Oct. 1, 2019–Oct. 1, 2020 — rather than more recent sales. The Wingates had pulled more recent comps and sought guidance on which sales the board may consider.
The case: The town…
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