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Tax exploration subcommittee briefs council on revaluation findings, recommends neighborhood-code review
Summary
The Town of Middletown tax exploration committee presented analysis of the 2023 revaluation, recommended reviewing neighborhood codes and suggested investigating targeted tax relief and other revenue sources to address distributional effects from recent assessments.
Don Morin, chairman of the town’s tax exploration committee, briefed the council on the committee’s analysis of the most recent property revaluation and recommended several next steps, including a targeted review of neighborhood codes and better public education materials explaining the revaluation process.
Why it matters: The committee’s analysis found land values increased more than building values in the latest update, producing average land increases of about 70% versus building increases near 40%; the result contributed to uneven assessment changes across neighborhoods and a higher average tax increase for nonresidents under the town’s tiered residential tax program.
Findings and recommendations Morin summarized the committee’s work: it reviewed Vision Government Solutions’ 2023…
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