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Assessor reports county decision lowering one assessment; warns possible 4–5% trend for 2025
Summary
Assessor David Galarneau told the board a Fulton County Real Property decision reduced a small-claims assessment from $360,000 to $311,500 and indicated a likely 4–5% assessment trend for Stratford in 2025 that could reduce the equalization rate toward about 65%.
Assessor David Galarneau reported to the Stratford Town Board that a decision from the Fulton County Real Property office lowered a small-claims assessment from $360,000 to $311,500. He said the full assessor’s report is available on the town website.
Galarneau also said that, based on trends observed in another county, Stratford may see a 4–5% assessment trend in 2025, which could push the town’s equalization rate toward near 65 percent. No formal valuation change or town-wide revaluation was enacted at the meeting; the remarks were presented as an informational report.
