As readers of this blog probably know, a property tax appeal is initiated by filing a petition with a municipality’s Board of Assessment Appeals. Typically, the appeal must be filed with the Board no later than February 20. ...more
1/24/2024
/ Connecticut ,
Fair Market Value ,
Filing Deadlines ,
Property Owners ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Tax Appeals ,
Tax Assessment ,
Tax Liability ,
Tax Planning
In 2017, twenty years after purchasing a property in Fairfield, the owner became aware that the Town had been valuing her 1.06 acre lot as if it held 1.60 acres. ...more
A large number of Connecticut municipalities are conducting revaluations as of October 1, 2023.
A notice containing the proposed new assessment of your property will be mailed before the end of this year. ...more
10/19/2023
/ Connecticut ,
Fair Market Value ,
Municipalities ,
Property Owners ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Revaluation ,
State and Local Government ,
Tax Assessment ,
Tax Liability ,
Tax Planning
In 14 of our 50 states, laws are on the books that say when authorities foreclose real estate for unpaid taxes, the government is entitled to keep the full auction proceeds - even beyond the owner’s debt obligation. Enabled...more
A recent decision by the Appeals Court of Massachusetts* about the entitlement of two nonprofit corporations which rent apartments at below- market rates to low-income elderly individuals and individuals with disabilities...more
5/24/2023
/ Ad Valorem Tax ,
Charitable Organizations ,
Connecticut ,
Elder Issues ,
Low Income Housing ,
Low-Income Issues ,
Property Owners ,
Property Tax ,
Property Valuation ,
Tax Assessment ,
Tax Exempt Entities ,
Tax Exemptions
In 14 of our 50 states, a taxing authority which forecloses real estate for unpaid taxes is entitled to keep the full auction proceeds even beyond the owner’s debt obligation. Enabled by laws known as “surplus retention...more
Most folks laboring in the property tax and valuation vineyards would not think that an easement attached to a parcel of real estate could create a separate tax liability for its owner. That presumption might be true in most...more
Please note: This alert was originally published on 09/28/2022 and was updated on 11/17/2022.
A large number of Connecticut municipalities are conducting revaluations as of October 1, 2022. ...more
11/18/2022
/ Connecticut ,
Fair Market Value ,
Municipalities ,
Property Owners ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Revaluation ,
State and Local Government ,
Tax Assessment ,
Tax Liability ,
Tax Planning
A trial before the United States Tax Court recently determined the value of a conservation easement imposed on a Georgia golf course which was being contested by the Internal Revenue Service. Relying on the “before and after”...more
A large number of Connecticut municipalities began conducting revaluations as of October 1, 2022.
Important topics for taxpayers to consider include...more
The September 12, 2022 issue of the Virginia Mercury reports that "as sea level rise shifts tidal lines along the nation's coast, local governments face potentially steep drops in tax revenue as a sizeable amount of...more
Connecticut municipalities are scheduled to conduct real property revaluations effective October 1, 2022. You may find the complete list of Connecticut municipalities conducting October 1, 2022 revaluations on the OPM website...more
Because there are likely to be many more high voltage electric transmission lines (HVETL) constructed, it is important to focus on the impact these lines may have on commercial property values.
The challenge is that the...more
When the City of Stamford converted all of its records to an electronic system in 1993, the assessor erroneously listed the property at 3 Hackett Circle West as comprised of 1.15 acres. In fact, the total acreage was either...more
Forty Connecticut municipalities are scheduled to conduct real property revaluations effective October 1, 2021. The following is a partial list of some larger municipalities undergoing a revaluation this year, which are home...more
9/27/2021
/ Manufacturing Facilities ,
Municipalities ,
Property Owners ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Revaluation ,
State and Local Government ,
Tax Assessment ,
Tax Liability ,
Tax Planning
Forty Connecticut municipalities are scheduled to conduct real property revaluations effective October 1, 2021. A list of the larger revaluing municipalities appears at the end of this alert. A revaluation notice containing...more
A number of Connecticut communities implemented town-wide real estate revaluations as of October 1, 2020; this assessment date will be the basis for taxes due July 1, 2021. See a full list of the revaluation municipalities...more
The deadline to appeal Fiscal Year 2021 assessments to municipal Boards of Assessors in Massachusetts depends on whether your property is located in a municipality that collects taxes two or four times per year. ...more
Thirty-four Connecticut municipalities are scheduled to conduct real property revaluations effective October 1, 2020. In response to COVID-19, Governor Lamont issued Executive Order 7S earlier this year which...more
On the evening of April 1, 2020, Connecticut Governor Ned Lamont issued the latest in a series of executive orders addressing the current public health crisis and its impacts on all aspects of our society. ...more
As part of his ongoing response to the COVID-19 public health emergency, Connecticut Governor Ned Lamont has issued a series of executive orders addressing a wide variety of governmental and private sector activities. ...more
Fourteen Connecticut municipalities are conducting real property revaluations effective October 1, 2019.
A revaluation notice containing the proposed new assessment of your property will be mailed in the latter part of...more
Approximately 20% of Connecticut’s 169 municipalities usually conduct general revaluations every five years as required by law. Due to a quirk in the schedule, 2019 revaluations will be conducted by only 14 communities. While...more
8/13/2019
/ Carve Out Provisions ,
Compensation ,
Department of Transportation (DOT) ,
Eminent Domain ,
Fair Market Value ,
Filing Requirements ,
IRS ,
Licensing Rules ,
Municipalities ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Religious Institutions ,
Required Forms ,
Shopping Centers ,
State and Local Government ,
Tax Appeals ,
Tax Assessment ,
Tax Exemptions
Tidbit on NNN lease property valuation -
A sort of a humdrum ruling on the assessment appeal of a garden variety industrial building nevertheless offers a valuable insight as to proper use of the income valuation...more
6/7/2019
/ Ad Valorem Tax ,
Apartments ,
Appraisal ,
Condemnation ,
County Assessors ,
CT Supreme Court ,
Fair Market Value ,
Hospitality Industry ,
Housing Market ,
Inverse Condemnation ,
Property Owners ,
Property Tax ,
Property Valuation ,
Tax Appeals ,
Tax Assessment ,
Tax Court ,
Tax Revenues
March 18, 2019 Welcome to Pullman & Comley's Real Estate Newsletter, Groundbreaking News. Written by our team of attorneys, you'll find articles that highlight hot topics and developments spaning the fields of real estate,...more
4/5/2019
/ ASTM ,
Capital Gains ,
Clean Energy ,
CT Supreme Court ,
Energy Efficiency ,
Environmental Assessments ,
Green Energy ,
Investment Opportunities ,
Loans ,
Offering Price ,
Opportunity Zones ,
Project Finance ,
Property Owners ,
Property Valuation ,
Real Estate Transactions ,
Tax Credits