Real Estate

Real Estate Assessments

In Connecticut, a Real Estate assessment is equal to 70% of a property’s estimated Fair Market Value as established by the Assessor in a revaluation year. Real estate revaluations are performed on a periodic schedule, established by State Law. Danbury's last Revaluation was in 2017.

Information on Assessments

The assessment of your property is always the value as of October 1. If changes are made to a home affecting its value, the homeowner will receive notice within 10 days of the signing of the grand list (typically signed by January 31st of each year) informing the property owner of the changed assessment. Please remember that the values established during a revaluation remain the same until the next revaluation unless changes are made to your property (usually five years).