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Assessor: 2025 revaluation at about 98.3% of market value; inspections nearly complete
Summary
At the Jan. 13 meeting the town assessor reported the revaluation produced a 98.3% estimate of market value with a coefficient of dispersion of 8.8 and inspections at about 93% of taxable properties. The assessor explained abatement and tax-deferral options for residents who receive unexpectedly higher bills.
The town assessor told the board on Jan. 13 that the 2025 revaluation placed assessed values at roughly 98.3% of market value and produced a coefficient of dispersion (COD) of 8.8, indicating tight valuation consistency across properties.
The assessor said inspectors have completed on-site reviews for about 1,790 of the town’s 1,925 taxable properties (about 93% complete). The inspections lagged after the town migrated from the Vision computer system to the Avatar system; the assessor told the board that the valuation portion of the revaluation is complete while the physical inspections remain in progress.
Why it matters: Revaluation affects how property taxes are apportioned across taxpayers. Residents who receive larger-than-expected bills were advised of the formal abatement process and of options with the tax collector, including payment plans and tax deferral provisions for eligible taxpayers.
Abatement and deferral process described: The assessor said residents who believe their valuation is incorrect should file an abatement application and that staff will make an on-site check where possible. The board was told the tax-collection office can offer payment plans, and the assessor explained forms can be mailed for residents without internet access.
Interest and deferral details discussed: During the discussion board members and staff debated the relevant interest rates and lien rules. The assessor said the deferral process collects interest at 5%; at one point an attendee referenced the town’s lien interest beginning at 8% for unpaid taxes. The board encouraged residents who are elderly or in financial distress to contact the tax collector promptly to discuss payment plans or deferral options.
Next steps: The assessor expects to finish inspections in the coming weeks and asked residents to call the assessing office (Wednesdays preferred) if they have immediate questions or wish to file an abatement application. The board requested staff post clear instructions and assist residents who cannot complete electronic forms.
