Do you have questions about your recent property assessments? If so, the borough wants to hear from you.
The borough announced this week that it is accepting applications for a hearing with the Board of Assessment Appeals. Naugatuck property owners can apply for a hearing between March 1 and March 20. Applications can be obtained at the Assessor's Office at Town Hall, 229 Church St., or on the borough's website, www.naugatuck-ct.gov, as of March 1.
The meetings will be held from 6 p.m. - 9 p.m. on Monday, April, 8, Wednesday, April 10, and Tuesday, April 16. Applicants will receive written notification of their meeting time.
Appeals will be heard for the Oct. 1, 2012, Grand List: Residential, commercial, industrial, personal property and the motor vehicle 2011 Supplemental List.
The borough recently completed a revaluation that showed real estate values went down 26 percent on average. The report shows that utility property, such as that owned by the water company, dropped 19.5 percent. Industrial property values went down 17.6 percent, and commercial property values went down 3.8 percent. Because there are many more commercial properties than industrial, the weighted average of decline between commercial and industrial properties was about 5 percent, said Naugatuck Assessor George Hlavacek.
All told, in 2007, the total value of real estate property in Naugatuck was worth $1.8 billion; it is now worth $1.3 billion, a 26 percent drop.
Borough officials warned, however, that taxes will likely not go down anywhere near the rate of assessments.
Read more about the revaluation here.
Any questions about making appointments with the Board of Assessment Appeals may be directed to the Assessor’s Office at 203-720-7016.