Government

Town Prepares for 2023 Property Revaluation 

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Town officials last week approved a $365,000 contract with a Fairfield-based company for the 2023 revaluation of all real properties in New Canaan. The Board of Selectmen during a special meeting June 22 voted 3-0 in favor of the contract with Municipal Valuation Services LLC. 

Work for the reval will start in August, according to Assessor Sebastian Caldarella. In capturing market trends, the town usually analyzes two years of sales, but this time round will analyze one year of sales, from Oct. 1, 2022 to Oct. 1, 2023, he said during the meeting, held at Town Hall and via videoconference. 

“So they’re going to start right away, in a sense,” Caldarella said.

Government

Assessor: New Canaan Working Toward 2018 ‘Statistical’ Revaluation

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Officials say they’re working toward the next town-wide revaluation and plan to capture an updated snapshot of all real property values in New Canaan as of Oct. 1, 2018. Working with a private company, town workers will complete a “statistical” rather than comprehensive valuation of New Canaan, according to Assessor Sebastian Caldarella. In other words, rather than entering residents’ homes to help determine values—an expensive and time-consuming process that state law requires every 10 years—the work involves studying home sales and market trends as well as permits issued for new construction in town, Caldarella told members of the Town Council during an informational update at their Jan. 18 meeting.

Government

13 New Canaan Property Owners File Lawsuits after Reval, Assessment Appeals

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Calling their property assessments following last year’s town-wide revaluation “grossly excessive, disproportionate and unlawful,” 13 property owners separately have filed lawsuits against the New Canaan Board of Assessment Appeals, according to documents at the Town Clerk’s office. The tally—eight residential properties plus five commercial—marks a significant drop since the last revaluation, said New Canaan’s highest elected official. “What lawsuits we have are more than 50 percent less than in 2008,” First Selectman Rob Mallozzi said. On the residential side, the lawsuits Information on the properties in question can be found below. Mallozzi and Assessor Sebastian Caldarella declined to comment on the lawsuits specifically, citing the active litigation.